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Urban gardening firm Ugaoo secures major funding to expand across India, aiming for 80 stores by 2030.
Urban gardening company Ugaoo has secured ₹47 crores in Series A funding, led by V3 Ventures, to expand into the top 10 Indian cities and open 80 retail stores by 2030.
The funds will also help the company introduce exotic plants and premium care products by partnering with international suppliers.
Ugaoo aims to scale its production to 5 lakh plants monthly and has seen significant revenue growth, from ₹24 crores in FY23 to ₹63 crores in FY24.
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La empresa de jardinería urbana Ugaoo asegura una importante financiación para expandirse por toda la India, con el objetivo de tener 80 tiendas para 2030.