Koparo, a direct-to-consumer (D2C) home cleaning brand known for its plant-based, toxin-free products, has successfully raised ₹14.5 crore (approximately $1.7 million) in an extended pre-Series A funding round. The round was led by Saama Capital, with significant contributions from Vikramaditya Mohan Thapar Family Trust, DSG Consumer Partners, and M Venture Partners.
Utilization of Funds
According to regulatory filings accessed from the Registrar of Companies (RoC), the board at Koparo approved the issuance of 2,314 pre-Series A2 compulsory convertible preference shares at an issue price of ₹62,666 each, totaling ₹14.5 crore. The capital infusion is earmarked to meet the company's working capital requirements, general corporate purposes, and to fund current and future expansion plans.
Valuation and Growth
This funding round marks a significant milestone for Koparo, nearly doubling its valuation to ₹124 crore (approximately $14.6 million), representing a 90% increase compared to its previous funding round. The company's revenue from operations surged 2.3 times to ₹10.22 crore in the fiscal year ending March 2024, up from ₹4.37 crore in FY23. Despite reporting losses of ₹5.86 crore in FY24, the company's growth trajectory remains robust.
Product Portfolio and Market Presence
Founded by Simran Khara, Koparo offers a diverse range of over 15 products and more than 30 SKUs across core and specialty cleaning categories. The product lineup includes floor cleaners, laundry detergents, fabric conditioners, dishwashing liquids, handwash, accessories, and fresheners. The brand emphasizes natural alternatives to conventional cleaning products, catering to health-conscious consumers seeking eco-friendly solutions.
Shark Tank India Recognition
Koparo gained national attention after securing a ₹70 lakh investment for 1% equity from Vineeta Singh and Aman Gupta on Shark Tank India Season 3. During the pitch, Vineeta Singh praised Simran Khara as "one of the best founders on Shark Tank," while Aman Gupta remarked, "Founder Mein Solid Dum Hai."
Investor Confidence
The continued support from prominent investors underscores confidence in Koparo's business model and growth potential. Post-allotment, Saama Capital emerges as the largest external shareholder, holding a 15.36% stake in the company.
Funding Milestones:
- February 2024: Koparo secured ₹6 crore in funding, comprising ₹5.2 crore from 4P Capital Partners and ₹70 lakh from Shark Tank India investors Aman Gupta (Co-founder, boAt) and Vineeta Singh (Co-founder, Sugar). This investment was aimed at brand building and expanding distribution channels.
- March 2025: The company raised an additional ₹14.5 crore (approximately $1.7 million) in an extended pre-Series A round led by existing investor Saama Capital, with participation from Vikramaditya Mohan Thapar Family Trust, DSG Consumer Partners, and M Venture Partners. This infusion nearly doubled Koparo's valuation to ₹124 crore (approximately $14.6 million).
Product Portfolio and Market Presence:
Founded by Simran Khara, Koparo offers over 15 products and more than 30 SKUs, including floor cleaners, laundry detergents, fabric conditioners, dishwashing liquids, handwash, accessories, and fresheners. The brand emphasizes natural, eco-friendly alternatives to conventional cleaning products, catering to health-conscious consumers seeking sustainable solutions.
Financial Performance:
In the fiscal year ending March 2024, Koparo's revenue from operations surged 2.3 times to ₹10.22 crore, up from ₹4.37 crore in FY23. Despite reporting losses of ₹5.86 crore in FY24, the company's growth trajectory remains robust, reflecting its ongoing investment in expansion and product development.
Investor Confidence and Future Outlook:
The continued support from prominent investors underscores confidence in Koparo's business model and growth potential. Post-allotment, Saama Capital emerges as the largest external shareholder, holding a 15.36% stake in the company. With the fresh capital infusion, Koparo is well-positioned to strengthen its market presence, expand its product offerings, and further its mission of providing safe, effective, and environmentally friendly home cleaning solutions to consumers across India.
Koparo's strategic focus on sustainability and innovation, coupled with strong investor backing, positions it as a key player in the evolving home care market.