Ugaoo, an urban gardening startup, has secured INR 47 crore in Series A funding led by V3 Ventures, DSG Consumer Partners, and RPG Ventures.
The funding will be used to increase production to 5 lakh plants per month and expand manufacturing capacity to 100 acres over the next two years.
Ugaoo provides online and physical client service through its website, app, and nine locations in Bengaluru, Mumbai, and Pune. It also sells its products on e-commerce sites like Zepto, Swiggy, and Blinkit, as well as Amazon and Flipkart.
Ugaoo aims to expand its product range by collaborating with foreign plant suppliers and strengthening its web presence. The company previously raised $2 million in its pre-Series A financing.