D2C home cleaning brand Koparo raises Rs 14.5 crore in funding: Report

D2C home cleaning brand Koparo has reportedly raised Rs 14.5 crore in an extended pre-Series A funding round led by existing investor Saama Capital, with participation from Vikramaditya Mohan Thapar Family Trust, DSG Consumer Partners, and M Venture Partners.

Valuation jumps nearly 90%

Koparo's board passed a special resolution to issue 2,314 pre-Series A2 compulsory convertible preference shares at an issue price of Rs 62,666 each, Entrackr reported, citing the regulatory filing accessed from the Registrar of Companies (RoC). 

This latest capital infusion has reportedly boosted the startup's valuation to approximately Rs 124 crore, representing a nearly 90% increase compared to its previous funding round. Previously, it raised Rs 6 crore from 4P Capital Partners and Shark Tank India judges. 

The Delhi-based startup plans to utilize the fresh capital for working capital requirements, general corporate purposes, and funding current or future expansion plans.

What does Koparo do?

Founded by Simran Khara, Koparo offers natural alternatives to conventional cleaning products. The brand has developed a comprehensive portfolio comprising more than 15 products and over 30 SKUs across core and specialty cleaning categories.

Its product range includes floor cleaners, laundry detergent, fabric conditioners, dishwash liquid, handwash, accessories, and fresheners.

Financial growth

Koparo has demonstrated impressive financial growth, with its operating revenue surging 2.3 times to Rs 10.22 crore for the fiscal year ending March 2024, up from Rs 4.37 crore in FY23. However, the startup reported losses of Rs 5.86 crore in FY24 as it continues to invest in growth.