Peeko Raises ₹67.4 Crore in Series A Led by Chiratae Ventures
This funding follows a previous $3.2 million seed round raised from Stellaris Venture Partners and angel investors.
Bengaluru-based babycare quick-commerce startup Peeko has raised ₹67.4 crore (more than $7 million) in a Series A funding round led by Chiratae Ventures.
Existing investor Stellaris Venture Partners and prominent angel investors participated in the round, continuing their backing of the young vertical quick-commerce platform.
According to the company, the fresh capital will be deployed to strengthen its technology infrastructure, scale its dark-store network, and build out a broader “parenting partner” ecosystem alongside its core commerce business.
Founded in 2025 by Chetan Sharma, Abhijit Gairola, and Vivek Khetan, Peeko operates a specialised quick-commerce platform tailored for baby and kids’ care essentials. Its extensive catalogue includes diapers, baby food, apparel, toys, and gear, with deliveries targeted under 60 minutes.
To address parent hesitancy around online baby shopping such as sizing issues and touch-and-feel constraints, the platform features an offline-style try-and-buy and instant return service, allowing customers to inspect apparel and gear before final payment.
Peeko reports rapid traction, noting that more than 1 lakh parents have shopped on the platform since its launch, with the business doubling nearly every quarter over the past six months.
The startup currently operates three dark stores in Bengaluru, covering approximately 55% of the city. With the new capital, Peeko plans to expand its network to six micro-market dark stores by the end of 2026, taking its delivery footprint to 100% of Bengaluru before entering 2 additional cities in 2027.
Its product assortment has grown exponentially from around 6,000 SKUs at launch to between 27,000 and 30,000 products, spanning apparel, toys and learning, gear, and daily consumables. The company’s average order value (AOV) stands at roughly ₹1,000.
This fresh injection follows a previous $3.2 million seed round raised from Stellaris Venture Partners and angel investors (including industry figures like Maninder Gulati and V3 Ventures co-founder Arjun Vaidya) in August 2025.