Highlights
Koparo: D2C Home Cleaning Brand Raises Rs 14.5 Crore
D2C home cleaning brand Koparo is successfully raising Rs 14.5 crore, approximately $1.7 million, in an extended pre-Series A funding round. This round is led by existing investor Saama Capital and includes contributions from Vikramaditya Mohan Thapar Family Trust, DSG Consumer Partners, M Venture Partners, among others.
Previously, in February 2024, Koparo secured Rs 6 crore from 4P Capital Partners and the television show Shark Tank India. The board at Koparo has passed a special resolution to issue 2,314 pre-Series A2 compulsory convertible preference shares at an issue price of Rs 62,666 each to reach the target of Rs 14.5 crore ($1.7 million), based on regulatory filings accessed from the Registrar of Companies (RoC).
The funds raised will assist in fulfilling working capital needs, general corporate purposes, or financing current and future expansion plans of the company, according to the filings.
As per estimates from Startup Superb, the valuation of the company has grown by nearly 90%, now standing at Rs 124 crore (approximately $14.6 million) compared to its last funding round.
About Koparo
Founded by Simran Khara, Koparo provides natural alternatives to typical cleaning products. With a product portfolio exceeding 15 items and over 30 SKUs spanning core and specialty cleaning, their offerings include floor cleaners, laundry detergents, fabric conditioners, dishwash liquids, handwash, accessories, and fresheners.
According to various sources from the startup data intelligence platform, the Delhi-based company has raised nearly $3 million prior to this latest funding round, with investors including Saama Capital, M Venture Partners, and 4P Capital Partners. Following this allotment, Saama Capital will emerge as the largest external shareholder, possessing a 15.36% stake in the company.
Financial Performance
In the fiscal year ending March 2024, Koparo’s operating revenue soared 2.3 times to Rs 10.22 crore, a significant increase from Rs 4.37 crore in FY23. However, the company reported losses amounting to Rs 5.86 crore in FY24.
