If you’re a plant lover or gardening enthusiast, you’re going to want to keep an eye on Ugaoo, the Pune-based gardening startup that’s making waves in the industry. Recently, Ugaoo secured a whopping INR 47 Crores (around $5.6 million) in a Series A funding round, led by V3 Ventures and supported by existing investors DSG Consumer Partners and RPG Ventures.
So, what does this mean for Ugaoo and the gardening community at large? Here’s a breakdown of how the company plans to utilize this fresh injection of capital:
1. Expansion of Retail Footprint: Ugaoo aims to open 80 retail stores by the end of FY 2030, allowing them to better serve customers and reach new regions.
2. Regional and International Growth: The company plans to expand within India and abroad, tapping into new markets where interest in home gardening is on the rise.
3. Enhancing Product Offerings: Ugaoo will use the funds to enhance its product range, ensuring that it remains a leader in the home and garden sector with innovative offerings.
Founded in 2015 by Siddhant Bhalinge, Ugaoo has quickly become a go-to platform for gardening products in India. From exotic plants to high-quality gardening tools, Ugaoo offers a wide range of products for both professionals and home gardeners.
With a pan-India presence through its website, mobile app, physical stores, and partnerships with leading e-commerce platforms, Ugaoo has seen remarkable financial growth. From INR 24 Crores in FY 2023 to over INR 63 Crores in FY 2024, the company’s revenue has doubled, reflecting the growing demand for home and garden products.
Looking ahead, Ugaoo is poised to capitalize on the booming Indian home and garden market, with plans to expand its product portfolio, increase its regional presence, and grow its team. With a clear focus on quality, innovation, and customer satisfaction, Ugaoo is set to cultivate success and contribute to the flourishing gardening culture in India.
So, if you’re looking to spruce up your garden or add some greenery to your home, keep an eye on Ugaoo for all your gardening needs!
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