Urban gardening company Ugaoo has raised Rs 47 crore in Series A funding round led by V3 Ventures, with participation from existing investors DSG Consumer Partners and RPG Ventures.
The funding will be used to expand the company's regional presence across the top 10 Indian cities and open 80 retail stores by FY 2030.
Ugaoo plans to partner with international plant suppliers and introduce a diverse selection of exotic plants and premium plant care products to the Indian market.
The company aims to scale production to 5 lakh plants per month and expand its production capacity to 100 acres in the next two years.