Shark Tank India-backed Koparo raised $1.7 M in extended Pre-series A round
In an extended pre-Series A round led by current investor Saama Capital, D2C home cleaning brand Koparo is raising Rs 14.5 crore, or roughly $1.7 million, with participation from Vikramaditya Mohan Thapar Family Trust, DSG Consumer Partners, M Venture Partners, and other investors.
Koparo previously raised Rs 6 crore from Shark Tank India and 4P Capital Partners in February 2024.
According to its regulatory filing obtained from the Registrar of Companies (RoC), the Koparo board adopted a special resolution to issue 2,314 pre-Series A2 compulsory convertible preference shares at an issue price of Rs 62,666 each in order to raise Rs 14.5 crore ($1.7 million).
According to filings, the proceeds will be used to fund the company’s current and future expansion plans, general corporate purposes, or working capital requirements.
In comparison to its last funding round, Entrackr estimates that the company’s valuation increased by almost 90% to Rs 124 crore, or roughly $14.6 million.
Simran Khara founded Koparo, a company that provides natural substitutes for conventional cleaning supplies. Floor cleaners, laundry detergent, fabric conditioners, dishwashing liquid, handwash, accessories, and fresheners are among its variety of over 15 products and over 30 SKUs in core and specialty cleaning.
The Delhi-based business raised almost $3 million before this round from investors like Saama Capital, M Venture Partners, 4P Capital Partners, and others, according to media. With a 15.36% stake in the business after the allocation, Saama Capital will be the biggest external shareholder.
Koparo’s operating revenue increased 2.3 times to Rs 10.22 crore in the fiscal year that ended in March 2024 from Rs 4.37 crore in FY23. In FY24, the company recorded losses of Rs 5.86 crore.
