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Koparo, supported by Shark Tank India, raises $1.7 million
D2C home cleaning brand Koparo is raising Rs 14.5 crore (around $1.7 million) in an amplified pre-Series A circular driven by existing speculator Saama Capital with the interest of Vikramaditya Mohan Thapar Family Trust, DSG Consumer Partners, M Venture Partners, and others.
Already in February 2024, Koparo raised Rs 6 crore from 4P Capital Accomplices and Shark Tank India
The board at Koparo passed a uncommon determination to issue 2,314 pre-Series A2 obligatory convertible inclination offers at an issue cost of Rs 62,666 each to raise Rs 14.5 crore ($1.7 million), its administrative recording gotten to from the Registrar of Companies (RoC) appears.
The continues will be utilized to meet the working capital prerequisites, common corporate purposes or subsidizing current/future development plans of the company, agreeing to filings.
Agreeing to Entrackr's estimates, the company's valuation surged by about 90%, coming to Rs 124 crore (around $14.6 million) compared to its past subsidizing circular.
Established by Simran Khara, Koparo offers characteristic choices to normal cleaning items. With a portfolio of more than 15 items and over 30 SKUs over center and strength cleaning, it extend incorporates floor cleaners, laundry detergent, fabric conditioners, dishwash liquid, handwash, accessories, and fresheners.
Agreeing to startup information insights stage TheKredible, the Delhi-based company has raised about $3 million earlier to this circular from speculators counting Saama Capital, M Wander Accomplices, 4P Capital Accomplices and others. Post-allotment, Saama Capital will be the biggest outside shareholder with a 15.36% stake within the company.
Within the monetary year finishing Walk 2024, Koparo's working income surged 2.3X to Rs 10.22 crore, up from Rs 4.37 crore in FY23. The company detailed misfortunes of Rs 5.86 crore in FY24.Â