Category: Funding

D2C home cleaning brand Koparo has raised ₹14.5 crore ($1.7 million) in an extended pre-Series A funding round, led by existing investor Saama Capital, along with participation from Vikramaditya Mohan Thapar Family Trust, DSG Consumer Partners, M Venture Partners, and others.

This follows Koparo’s previous fundraise of ₹6 crore from 4P Capital Partners and Shark Tank India in February 2024.

As per regulatory filings with the Registrar of Companies (RoC), the board approved the issuance of 2,314 pre-Series A2 compulsory convertible preference shares at ₹62,666 each, bringing in fresh capital to support the company’s working capital, corporate needs, and expansion plans.

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With this latest investment, Koparo’s valuation has surged nearly 90%, reaching ₹124 crore ($14.6 million) compared to its previous funding round.

Founded by Simran Khara, the brand offers natural, eco-friendly cleaning alternatives, with a portfolio of 15+ products and over 30 SKUs, including floor cleaners, laundry detergents, dishwashing liquid, handwash, fabric conditioners, and fresheners.

Backed by notable investors, including Shark Tank India’s Aman Gupta and Vineeta Singh, Koparo has experienced significant growth. Its operating revenue surged 2.3X to ₹10.22 crore in FY24, up from ₹4.37 crore in FY23, though it also reported losses of ₹5.86 crore for the fiscal year.

The brand has now raised nearly $3 million in total funding. Post-allotment, Saama Capital will hold the largest external stake in the company at 15.36%.

Business-to-consumer fresh produce food-tech platform Pluckk is set to raise ₹85 crore (approximately $10 million) in its Series A funding round from Euro Gulf Investment.

This marks the Mumbai-based company’s first significant fundraise in three years. The company is also backed by actress Kareena Kapoor.

According to regulatory filings accessed from the Registrar of Companies, Pluckk’s board has approved a special resolution to issue 3,023 Series A compulsory convertible preference shares at an issue price of ₹2,81,383 each, raising a total of ₹85 crore ($10 million).

The fresh capital will be used for expansion, interest payment on debentures, and other corporate purposes.

Founded in 2021 by Pratik Gupta, Pluckk is a farm-to-fork platform delivering fresh, lifestyle-focused produce to consumers.

It offers trendy food categories, including vegan options, carb alternatives, and products for gut health and immunity.

The company is targeting ₹200 crore in annual recurring revenue (ARR) for the current fiscal year.

In FY24 (ending March 2024), Pluckk recorded ₹42.8 crore in revenue, a 25.6% year-on-year growth from ₹34 crore in FY23, though it also reported a ₹41.03 crore loss.

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Pluckk faces competition from Gourmet Garden, Kisankonnect, and Otipy. Meanwhile, its major rivals, Deep Rooted and Fraazo, shut down operations despite raising substantial funding.

Before this round, Pluckk raised $5 million in seed funding from Exponentia Ventures.

It later acquired DIY meal kit platform KOOK for $1.3 million and, last year, nutrition brand Upnourish for $1.4 million.

Fintech platform OneStack has raised $2 million in its Series A funding round, with plans to secure an additional $1 million.

The round was led by Pentathlon Ventures, with participation from Yatra Angel Network and continued backing from 100Unicorns and Venture Catalysts.

The fresh capital will be used to scale technology solutions that drive financial inclusion and digital transformation in underserved markets.

Founded by Amit Kapoor and Vishal Gupta, OneStack provides end-to-end banking solutions, including Core Banking, Mobile Banking, NPCI UPI Switch, and BBPS Switch, enabling regional and rural banks to modernize operations and enhance services.

Functioning as both a Technical Service Provider (TSP) and Application Service Provider (ASP), the platform offers a unified technology stack to streamline banking processes.

With over 200 cooperative banks onboarded, OneStack claims a 20% market share in North and West India and supports seven out of 34 State Cooperative Banks, serving 35 crore Indians and six crore MSMEs through its infrastructure.

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The company’s UPI Switch and BBPS Switch empower partner banks to issue branded UPI IDs and process Bharat BillPay transactions independently, reducing reliance on third-party platforms.

Since its last funding round, OneStack has also deployed over 6,000 Soundboxes in 14 regional languages, further strengthening its digital payment capabilities.

Health startup OSSO, specializing in orthopaedics, has raised $250,000 in a pre-seed funding round led by Blume Ventures Founders Fund.

The round also saw participation from prominent investors, including Sahil Jindal (MD, DS Jindal Group), Akash Gupta (Founder, Zypp Electric), Varun Sheth and Zaheer Adenwala (Founders, Ketto), Brijraj Bhuptani (Founder, SPRY), and Umesh Agarwal from the Haldiram’s Family Office. Additionally, senior partners from Big 4 firms, healthcare professionals, and industry leaders contributed to the round.

The newly acquired funds will be directed towards expanding operations, strengthening technological capabilities, and enhancing patient care services.

Founded by Kunal Kishore Dhawan and Avani Shukla, OSSO integrates orthopaedics, regenerative medicine, physiotherapy, and sports injury treatments under one roof.

The Gurugram based company aims to provide cutting-edge healthcare solutions, ensuring efficient recovery and a seamless patient experience.

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Expressing gratitude for the support, an OSSO spokesperson stated in a LinkedIn post,

“We are excited to have the backing of such experienced investors who believe in our vision. This funding will help us move closer to our goal of transforming orthopaedic care.”

Homegrown cosmetics brand Mila Beauté has raised $2.16 million (approximately ₹18 crore) in a pre-Series A funding round led by Rukam Capital, valuing the company at ₹303 crore ($35.3 million).

The fresh capital will be utilized to expand operations, drive research and development, and introduce new product innovations. The company also aims to strengthen its market presence and scale its operations.

Founded by Saahil Nayar, Sachin Chadha, and Keshav Chadha, Mila Beauté offers a diverse range of beauty products, including lipsticks, foundation, and eyeliners.

The brand focuses on high-quality, skincare-infused makeup free from harmful chemicals.

Currently, Mila Beauté reports an annual revenue of $7.23 million and is targeting 2x growth over the next 12–18 months.

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The brand is available at over 10,000 retail counters across India, with plans to double its footprint by the end of the year.

Bengaluru-based aerospace startup Nabhdrishti Aerospace has raised $3 million (around ₹25 crore) in a funding round led by Accel, with support from IIMA Ventures and existing investors.

The fresh fund will be used to advance the development and testing of its engine prototypes and hire new talent.

Founded in 2023 by Rohit Chouhan, Arjun Srivatsa, and Antanu Sadhu, the company is focused on creating small gas turbines for hybrid urban air mobility, unmanned aerial vehicles (UAVs), and decentralized power generation.

Nabhdrishti’s engines are designed to serve dual purposes — providing propulsion and power. They can be used in various sectors, including hospitals, heavy vehicles, manufacturing units, light aircraft, helicopters, and hybrid electric flights.

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The startup is also exploring sustainable fuel solutions, including green hydrogen, to reduce carbon emissions and reliance on imported aerospace technology.

With plans to expand its engineering, production, and customer support teams, Nabhdrishti aims to grow its workforce significantly by the end of the year.

This funding marks a significant step toward achieving its goal of delivering innovative, eco-friendly propulsion systems for the future of aviation.

Beauty and personal care brand Antithesis has raised ₹5 crore (around $582K) in a pre-seed funding round, with participation from Rukam Capital and V3 Ventures.

The funds will be used to drive the company’s growth as a digital-first beauty brand, focusing on product innovation, expanding market reach, and strengthening distribution channels.

Founded by Aparna Saxena, Antithesis approaches beauty products like tech innovations, evolving continuously based on consumer feedback and emerging trends.

Rukam Capital, known for backing consumer-focused brands, has previously supported companies like Beco, Sleepy Owl, and Yoho.

V3 Ventures, backed by Verlinvest, has invested in startups like Kuku FM, Go Zero, and Deconstruct.

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This latest funding is expected to accelerate Antithesis’ presence in the competitive personal care market.

GreenFortune, a windows and doors brand, has secured $4.5 million in a pre-Series A funding round led by Foundamental.

The round also saw participation from Titan Capital, Winners Fund, and existing investors including Incubate Fund Asia.

The fresh funds will be used to support the company’s nationwide expansion, scale up production by six times, and further develop its proprietary tech platform, PartnerGate, into a full-stack solution aimed at enhancing customer service.

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GreenFortune also plans to strengthen its in-house R&D and technical services to introduce new products across multiple material categories, positioning itself as a comprehensive fenestration solutions provider.

Founded in 2022 by Dilip Kumar and Pratyusha Kosaraju, the brand offers quality uPVC products at competitive prices.

Currently available in 100 locations across India, GreenFortune has supplied materials for over 2 million square feet of windows and doors, with manufacturing facilities located in India, Germany, and Japan.

This latest round follows GreenFortune’s $1 million funding in July 2023, which was led by Incubate Fund Asia.

Agritech startup Grow Indigo has raised $10 million in funding from British International Investment (BII), the UK’s development finance institution and impact investor.

The funding will support the company’s efforts to expand its sustainability programs across India.

Founded to promote eco-friendly farming practices, Grow Indigo focuses on techniques like direct seeded rice and no-tillage farming.

These methods enhance soil health, reduce erosion, preserve biodiversity, and improve water efficiency. Additionally, they reduce manual labor, particularly supporting women farmers.

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The startup claims to have covered over 2.5 million acres of smallholder farmland across seven states. It also collaborates with food and fashion companies to promote sustainable sourcing and cut supply chain emissions.

With operations spanning 16 states, Grow Indigo has built a strong network of over 2,000 distribution partners and a dedicated on-ground team of 600 members.

From seed treatment to harvest, the company provides comprehensive support to farmers, driving the adoption of environmentally friendly agricultural practices.

AI-powered enterprise productivity platform Irame.ai has raised $1 million in a seed funding round led by SenseAI Ventures, an AI-first venture capital fund.

The investment will support Irame.ai in enhancing its capabilities in audit automation, anomaly detection, and enterprise compliance using AI-driven insights.

Founded by Kapil Arora, Irame.ai offers a no-code platform that simplifies the design, development, and launch of AI-driven applications.

The company claims its technology can speed up audits by 3-4 times while reducing costs, enabling businesses to modernize their governance processes effectively.

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With this latest funding, Irame.ai plans to expand its operations and further develop its AI-powered solutions to meet the growing demand for intelligent enterprise management.

SenseAI Ventures, co-founded by Rahul Agarwalla and Raja Gopalakrishnan, is a ₹200 crore fund that backs AI-focused startups. Its portfolio includes CureSkin in dermatology, Floworks in sales automation, and Pipeshift, an orchestration platform.