D2C home cleaning brand Koparo is set to raise Rs 14.5 crore (approximately $1.7 million) in an extended pre-Series A funding round. The round is being led by existing investor Saama Capital, with participation from the Vikramaditya Mohan Thapar Family Trust, DSG Consumer Partners, M Venture Partners, and others.
Earlier in February 2024, Koparo secured Rs 6 crore from 4P Capital Partners and Shark Tank India. This latest round further strengthens the company’s financial position as it aims to expand its market reach and product offerings.
According to a regulatory filing accessed from the Registrar of Companies (RoC), Koparo’s board has approved a special resolution to issue 2,314 pre-Series A2 compulsory convertible preference shares at an issue price of Rs 62,666 each, raising Rs 14.5 crore ($1.7 million). The company plans to utilize the funds to meet working capital requirements, for general corporate purposes, and to support its ongoing and future expansion plans.
Founded by Simran Khara, Koparo provides natural and eco-friendly alternatives to conventional cleaning products. The brand boasts a portfolio of over 15 products and 30+ SKUs spanning core and specialty cleaning categories. Its offerings include floor cleaners, laundry detergents, fabric conditioners, dishwashing liquid, handwash, cleaning accessories, and fresheners.
With this new infusion of funds, the Delhi-based company has raised nearly $3 million to date from investors such as Saama Capital, M Venture Partners, and 4P Capital Partners. Post-allotment, Saama Capital will emerge as the largest external shareholder, holding a 15.36% stake in Koparo.
Koparo’s sustained growth in the D2C home cleaning segment highlights the increasing demand for sustainable and non-toxic cleaning solutions in India. With continued investor confidence and expanding consumer adoption, the brand is poised for significant market expansion in the near future.
