Ugaoo Raises INR 15 Crore In Pre-Series A The funds will be used to invest heavily in regional expansion, product enhancement and building a dream team

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Ugaoo

Ugaoo, a home gardening startup, has raised INR 15 crore in its pre-Series A funding. The round was led by DSG Consumer Partners and RPG Ventures.

Founded in 2015, the startup has seen a consistent growth of 120 per cent year-on-year. The company offers an array of products—live indoor plants, planters, kitchen garden seeds and plant care products—through its website as well as marketplaces such as Amazon, Flipkart, etc., said a statement.

"The plant and home gardening industry is estimated to grow at a CAGR of 50 per cent and reach a market size of $4 billion by 2025 in India. We plan to utilize the funds to expand our regional presence with hubs and garden centers in Bangalore, Delhi, Kolkata and collaborate with international plant companies to introduce a wider range of exotic plants and premium plant care products. In the last six years, Ugaoo has fulfilled more than a million orders and we aim to produce at least 500,000 plants in a month by the end of 2022," said Siddhant Bhalinge, founder of Ugaoo, in the statement.

"We are excited to partner with ugaoo on its mission to help people reconnect with nature. Plant parenting is on the rise and the category has massive growth potential. Ugaoo has the potential to be the category-defining brand by solving customer pain points thoughtfully with a digital-first approach," said Hariharan Premkumar, head of India, DSG Consumer Partners.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Buying / Investing in Business

Meet the Person Who Invented Plastic that Dissolves in Water

"Big Plastic" might hate it, but it's an opportunity for investors in the $1.3T plastics industry.

Business News

President Donald Trump Signs the GENIUS Act to Make the U.S. the 'Crypto Capital of the World'

The landmark cryptocurrency legislation was signed into law by President Trump on Friday.

Marketing

AI Is Changing Public Relations — Here's How to Stay in Control

AI is transforming public relations by reshaping how brands are discovered and represented.

Business News

The CEO of the World's Most Valuable Company Says This Would Be His College Major in 2025

Nvidia CEO Jensen Huang graduated with a Bachelor's degree in electrical engineering from Oregon State University in 1984, but he would change that major if he were in college today.

Business News

Netflix Co-CEO Says the Company Used AI on a TV Show for the First Time: 'Completed 10 Times Faster'

Netflix chief Ted Sarandos says audiences were "thrilled" with the AI-generated footage.