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Ugaoo Partners with V3 Ventures for Rs 47 Crore Funding

Jan 06, 2025•over 1 year ago

Contract Type

partnership

PuneAgriculture and FarmingRetailHome And Garden

Description

Ugaoo, one of India's leading houseplants and urban gardening companies, has secured Rs. 47 crores in funding from V3 Ventures. The investment aims to fuel the company's expansion efforts and innovation in the home gardening industry, with plans to scale operations, increase production, and expand product offerings by partnering with international plant suppliers.

Company Information

Company

Ugaoo

Location

Pune, Maharashtra, India

About

Ugaoo is an urban gardening company founded in 2015 that specializes in a wide range of gardening products, including live plants, seeds, soils, and gardening tools. The company aims to broaden its product offerings and expand its retail presence across India. Ugaoo has demonstrated significant growth, increasing its revenue from Rs 24 crore in FY23 to Rs 63 crore in FY24. With plans to scale production and enhance its digital business, Ugaoo is well-positioned to capitalize on the growing Indian home and garden market.

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Strategic partnership established

Partnership agreements typically involve technology integration and joint go-to-market strategies

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