Previously in February 2024, Koparo raised Rs 6 crore from 4P Capital Partners and Shark Tank India

The board at Koparo 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 raise Rs 14.5 crore ($1.7 million), its regulatory filing accessed from the Registrar of Companies (RoC) shows.

The proceeds will be used to meet the working capital requirements, general corporate purposes or funding current/future expansion plans of the company, according to filings.

the company’s valuation surged by nearly 90%, reaching Rs 124 crore (approximately $14.6 million) compared to its previous funding round.

Founded by Simran Khara, Koparo offers natural alternatives to regular cleaning products. With a portfolio of more than 15 products and over 30 SKUs across core and specialty cleaning, its range includes floor cleaners, laundry detergent, fabric conditioners, dishwash liquid, handwash, accessories, and fresheners.

According to startup data intelligence platform TheKredible, the Delhi-based company has raised nearly $3 million prior to this round from investors including Saama Capital, M Venture Partners, 4P Capital Partners and others. Post-allotment, Saama Capital will be the largest external shareholder with a 15.36% stake in the company.

In the fiscal year ending March 2024, Koparo’s operating revenue surged 2.3X to Rs 10.22 crore, up from Rs 4.37 crore in FY23. The company reported losses of Rs 5.86 crore in FY24. 

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The post Koparo Raises $1.7M Funding Backed by Shark Tank India appeared first on The India Bizz Startup News Website.