Ugaoo raised Rs 47 Cr in a Series A funding round led by V3 Ventures to expand its regional presence and open 80 retail stores across India by FY 2030.

Nov 12, 2024•about 1 year ago

Amount Raised

₹470 Million

Round Type

series a

PuneHome And GardenRetailAgriculture and Farming

Investors

Rpg VenturesDsg Consumer PartnersV3 Ventures

Description

Ugaoo has secured Rs 47 crore in its Series A funding round led by V3 Ventures, with participation from DSG Consumer Partners and RPG Ventures. The company plans to utilize the funds to expand its presence in top Indian cities and broaden its product offerings with exotic plants and premium care products.

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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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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