Total amount raised
$5 Millions
Latest funding date
08/01/2023
Location
Pluckk has successfully raised funds through a Series A round, with notable investors including Euro Gulf Investment and Kareena Kapoor Khan. The total funding amount remains undisclosed, adding an element of intrigue to their financial journey.
Keep reading to explore the intricacies of Pluckk's fundraising journey and the investors backing this innovative platform.
What Is Pluckk?
Pluckk, founded in 2021, is a produce delivery startup based in Mahalaxmi, Maharashtra, India. The company focuses on delivering safe, fresh, and clean fruits and vegetables sourced directly from partner farms. Pluckk's products are certified non-GMO, and they emphasize quality service and sustainability in their supply chain.
Founded by Pratik Gupta, Pluckk ensures that their produce is naturally grown and ozone washed to remove germs and increase shelf life. The company serves major cities like Mumbai, Bangalore, and Delhi, providing a wide range of products including fruits, vegetables, juices, smoothies, meal kits, and dips.
With a team of 11-50 employees, Pluckk is committed to making fresh food accessible to customers through their digital platforms. They promise farm-to-door delivery within 24 hours, ensuring that customers receive fresh and clean produce with traceability back to the farmers.
How Much Funding Has Pluckk Raised?
- Angel Round
- Amount Raised: Not publicly disclosed
- Date: August 2023
- Lead Investors: Kareena Kapoor Khan
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To onboard Kareena Kapoor Khan as a brand ambassador and leverage her influence for brand growth.
- Seed Round
- Amount Raised: $5M
- Date: January 2022
- Lead Investors: Exponentia Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support team development, technological innovation, creation of farm-to-fork infrastructure, customer acquisition, and expansion into key metro cities.
Total Amount Raised: $5M
Current Valuation: Not publicly disclosed
Key Investors
The major investors in Pluckk are as follows:
- Kareena Kapoor Khan
- Details: Kareena Kapoor Khan is a renowned Bollywood actress known for her roles in numerous successful films. She has a significant influence in the Indian entertainment industry and has been involved in various brand endorsements.
- Investment Focus Areas: Entertainment, Fashion, Consumer Goods
- Notable Investments: Pluckk
- Exponentia Ventures
- Details: Exponentia Ventures is a venture capital firm that invests in early-stage companies. They focus on providing strategic support and capital to help startups scale and succeed.
- Investment Focus Areas: Technology, Consumer Goods, Healthcare
- Notable Investments: Pluckk
Information about other major investors was not found in the provided sources.
What's Next for Pluckk?
Pluckk is poised for significant growth, with opportunities to expand beyond its current markets of Mumbai, Delhi, Bengaluru, and Pune. Leveraging Kareena Kapoor Khan's role as brand ambassador, the company can enhance its visibility and credibility, potentially attracting more celebrity investors. The startup's diverse product offerings and strong supply chain, supported by over 1,000 farmers, position it well to meet increasing consumer demand for fresh and organic produce.
Future fundraising opportunities appear promising, given the trend of celebrity investments in D2C brands. Pluckk's impressive sales figures and expansion plans make it an attractive candidate for additional investment rounds. However, the company may face challenges such as maintaining product quality, navigating regulatory requirements, and managing logistics as it scales. Despite these hurdles, Pluckk's strategic growth initiatives and robust financial backing suggest a bright future ahead.
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