D2C home cleaning brand Koparo has successfully raised Rs 14.5 crore in an extended pre-Series A funding round. The investment was led by Saama Capital, with participation from Vikramaditya Mohan Thapar Family Trust, DSG Consumer Partners, and M Venture Partners. The new funding is set to help the company expand its operations, strengthen its product line, and scale its business further.
Koparo: Valuation Surges Nearly 90%
Koparo’s board approved a special resolution to issue 2,314 pre-Series A2 compulsory convertible preference shares at an issue price of Rs 62,666 per share. This decision, as per regulatory filings from the Registrar of Companies (RoC), significantly boosted the startup’s valuation to Rs 124 crore. The increase represents a remarkable 90% rise compared to its previous funding round.
The brand had previously secured Rs 6 crore in funding from 4P Capital Partners and judges from Shark Tank India. With this fresh infusion of capital, Koparo aims to strengthen its working capital, fund general corporate needs, and invest in its current and future expansion plans.
Natural Home Cleaning Solutions by Koparo
Founded by Simran Khara, Koparo is focused on providing natural and eco-friendly alternatives to conventional cleaning products. The company offers a diverse range of cleaning solutions that include floor cleaners, laundry detergents, fabric conditioners, dishwashing liquids, handwashes, accessories, and fresheners.
With more than 15 different products and over 30 SKUs across core and specialty cleaning categories, Koparo has built a strong reputation for offering safe and effective cleaning solutions for households that prioritize health and sustainability.
Impressive Financial Growth Despite Losses
Koparo has shown significant financial growth over the past year. For the fiscal year ending March 2024, its operating revenue surged 2.3 times, reaching Rs 10.22 crore compared to Rs 4.37 crore in FY23. While the company continues to expand its market presence, it reported losses of Rs 5.86 crore in FY24 as it focuses on long-term business growth and development.
With the latest funding, Koparo plans to accelerate its growth in the home cleaning sector by improving its product distribution, expanding its customer base, and strengthening its brand presence in India. As demand for natural home cleaning solutions rises, the company is well-positioned to become a key player in the segment.
