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Koparo obtains Rs 5.2 Cr to expand its brand

, By Team SNFYI
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D2C home care brand Koparo has secured Rs 5.2 crore in funding from 4P Capital Partners, with an additional Rs 70 lakh obtained from Aman Gupta, co-founder of Boat, and Vineeta Singh, co-founder of Sugar Cosmetics, through Shark Tank India.

According to a press release by the company, the funding will primarily be allocated towards brand building and distribution efforts.

Simran Khara, founder of Koparo, stated, “In the next 2 years, we are targeting to reach 10 lakh Indian consumers and our focus is on expanding distribution both online and offline.”

Koparo, which closed last fiscal year with a revenue of Rs 5 crore, aims to significantly scale up to Rs 50 crore in revenue within the next 2 years.

Established in 2021, Koparo had previously raised Rs 5.7 crore in a pre-seed round in 2021, followed by Rs 12 crore in pre-series A round funding in February 2023.

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Koparo obtains Rs 5.2 Cr to expand its brand

, By Team SNFYI
Artificial Intelligence


News Update

D2C home care brand Koparo has secured Rs 5.2 crore in funding from 4P Capital Partners, with an additional Rs 70 lakh obtained from Aman Gupta, co-founder of Boat, and Vineeta Singh, co-founder of Sugar Cosmetics, through Shark Tank India.

According to a press release by the company, the funding will primarily be allocated towards brand building and distribution efforts.

Simran Khara, founder of Koparo, stated, “In the next 2 years, we are targeting to reach 10 lakh Indian consumers and our focus is on expanding distribution both online and offline.”

Koparo, which closed last fiscal year with a revenue of Rs 5 crore, aims to significantly scale up to Rs 50 crore in revenue within the next 2 years.

Established in 2021, Koparo had previously raised Rs 5.7 crore in a pre-seed round in 2021, followed by Rs 12 crore in pre-series A round funding in February 2023.

Follow Startup Story





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News
Beamer buys Userflow to build a consolidated user experience platform
Next News
Editing photos using text commands – Apple AI work continues
Team SNFYI
Team SNFYI

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