Ugaoo.com, an one-stop portal for farming and gardening needs, from Pune based seed company Namdeo Umaji, has invested Rs. 3 crore in its expansion and growth plans.
Launched early this year, this start-up focuses on the budding gardening and landscaping market by providing the most voluminous range of organic and hybrid seeds, plants, pots, plant-care products and essential gardening tools.
With evolving consumer pattern, increasing response and rising demand from Tier 2 markers, Ugaoo.com looks forward at capturing the growing market potential in the upcoming markets of India. The portal will now reach out to consumers across cities like Nashik, Nagpur, Surat, Kochi, Mangalore, Manipur, Noida, Ghaziabad, and Indore amongst others.
Since its launch, the company has seen 200% month-on-month growth in its revenue and 500% hike in its sales. It receives nearly 120-150 orders per day from across India.
In the past nine months, the company has added 1600 varieties of products across seeds, pots, books, pesticides and gardening tools to cater to the expanding gardening market. From 800 varieties of seeds, the portal now offers more than 2000 varieties of organic seeds as well as 500 varieties of commercial hybrid seeds.
With a rising demand for indoor plants, Ugaoo.com has also launched a new category of Live Plants, and will add about 100 new plants every month. This step will make Ugaoo.com the largest online plant nursery in India.
Since its inception, Ugaoo.com works very closely with the farmers in providing them the best quality of organic seeds and they are now also implementing a buy-back scheme for the farmers who buy their supplies from Ugaoo and cultivate it under the guidance of their in-house Agri-experts. This ensures a better yield and also instils financial security amongst the farmers who have been facing lots of issues due to the varying market prices for their yields.
Speaking on the expansion plans, Siddhant Bhalinge, Founder of Ugaoo.com said, “We noticed a surprising trend during this monsoon sowing season that many orders, organic as well as commercial hybrid seeds, were bought by the urban population and were delivered at their native places across India. These orders helped us in analyzing the expanding market potential across tier 2 markets. We foresee an enormous market opportunity there, which is untapped or at a very nascent stage and can be built in a better way.”
He further added, “Majority of our investments will be going towards fulfilling the demands of the agriculture sector. We are partnering with all the major commercial seeds brands in India and adding more than 2000 new varieties of vegetable and flower seeds.”
The other chunk of the investment would be siphoned towards improving the infrastructure and adding essential gardening products. Ugaoo is also setting up a gardening professionals team which would cater to the urban population and set up edible gardens and terrace gardens for their customers in Pune and Mumbai to promote their ‘Grow your own Food’ campaign.
The company has also started weekly gardening workshops in Pune and Mumbai with the intent of spreading knowledge and raising awareness of products and gardening methods. Till date, it has conducted five workshops, which have received tremendous response. They also receive demand to conduct more workshops venturing into creating trending Terrariums and Bonsai.
Launched early this year, this start-up focuses on the budding gardening and landscaping market by providing the most voluminous range of organic and hybrid seeds, plants, pots, plant-care products and essential gardening tools.
With evolving consumer pattern, increasing response and rising demand from Tier 2 markers, Ugaoo.com looks forward at capturing the growing market potential in the upcoming markets of India. The portal will now reach out to consumers across cities like Nashik, Nagpur, Surat, Kochi, Mangalore, Manipur, Noida, Ghaziabad, and Indore amongst others.
Since its launch, the company has seen 200% month-on-month growth in its revenue and 500% hike in its sales. It receives nearly 120-150 orders per day from across India.
In the past nine months, the company has added 1600 varieties of products across seeds, pots, books, pesticides and gardening tools to cater to the expanding gardening market. From 800 varieties of seeds, the portal now offers more than 2000 varieties of organic seeds as well as 500 varieties of commercial hybrid seeds.
With a rising demand for indoor plants, Ugaoo.com has also launched a new category of Live Plants, and will add about 100 new plants every month. This step will make Ugaoo.com the largest online plant nursery in India.
Since its inception, Ugaoo.com works very closely with the farmers in providing them the best quality of organic seeds and they are now also implementing a buy-back scheme for the farmers who buy their supplies from Ugaoo and cultivate it under the guidance of their in-house Agri-experts. This ensures a better yield and also instils financial security amongst the farmers who have been facing lots of issues due to the varying market prices for their yields.
Speaking on the expansion plans, Siddhant Bhalinge, Founder of Ugaoo.com said, “We noticed a surprising trend during this monsoon sowing season that many orders, organic as well as commercial hybrid seeds, were bought by the urban population and were delivered at their native places across India. These orders helped us in analyzing the expanding market potential across tier 2 markets. We foresee an enormous market opportunity there, which is untapped or at a very nascent stage and can be built in a better way.”
He further added, “Majority of our investments will be going towards fulfilling the demands of the agriculture sector. We are partnering with all the major commercial seeds brands in India and adding more than 2000 new varieties of vegetable and flower seeds.”
The other chunk of the investment would be siphoned towards improving the infrastructure and adding essential gardening products. Ugaoo is also setting up a gardening professionals team which would cater to the urban population and set up edible gardens and terrace gardens for their customers in Pune and Mumbai to promote their ‘Grow your own Food’ campaign.
The company has also started weekly gardening workshops in Pune and Mumbai with the intent of spreading knowledge and raising awareness of products and gardening methods. Till date, it has conducted five workshops, which have received tremendous response. They also receive demand to conduct more workshops venturing into creating trending Terrariums and Bonsai.
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