India, Jan. 30 -- Clensta cofounder and chief business officer Ashish Mishra has quit the company amid a deepening cash flow crisis and the beauty company's inability to raise funds for the past several months.

Mishra told Inc42 he is moving away from Clensta but will be soon launching a separate venture in the beauty and personal care space in partnership with other HNIs and founders.

"I stepped down from my role at Clensta in October 2024. The decision came after we started exploring a possible acquisition for Clensta as this did not align with my long-term goals," Mishra said.

The cofounder further said that his decision to quit the company was communicated in October 2024, but he stayed on to wrap up issues related to pending salar...