A bag reaches a doorstep in Bengaluru less than an hour after the order. Inside it, a romper. A parent holds it against a baby who will not stay still, works out whether the shoulders are going to fit, and decides on the spot. Whatever does not fit goes straight back. That minute is whatPeekosells. On20 August 2026the fifteen-month-old company raised₹67.4 croreto build more of it, in a Series A led byChiratae Ventureswith early backerStellaris Venture Partnersreturning. It went into that round carrying a price nobody has published. The last money to change hands before Chiratae's was on13 May 2026, when Stellaris took the closing ₹9 crore tranche of Peeko's seed at ₹126,691 a share, valuing the company at₹186 crorepost-money. That is55% abovethe ₹120 crore the seed was carrying eight months earlier. Peeko has now raised$10.2 millionin all. Try-and-buy is why customers come back, and it is also the hardest thing about this business. Letting someone check the fit at the door means the delivery slot stays open while they decide, or the rejected romper makes a second trip back to the store. Peeko carries that cost, not the customer. Co-founderChetan Sharmasays most transacting users pick the option, which is excellent for loyalty and unkind to the number of drops a rider can finish in an evening. The returned romper then has to be checked and put back on the shelf before it can sell to anyone else, which is a second job the dark store absorbs on top of picking the next order. Out of one dark store, covering a slice of one city, that is a solvable problem. Peeko now has to hold it across six, and the deadline is December: Three marks sit on the record, and they are the same round closing in stages. Read them as three raises and you would get Peeko wrong. Tracxn counts two rounds in total, and the seed's $3.2 million plus the Series A's $7.04 million is the $10.2 million it puts against the company, which leaves the ₹9 crore of May 2026 inside the seed rather than on top of it. Tranched closings like that are ordinary and rarely announced one by one. What matters is the price each tranche cleared at, because the last one is the number Chiratae had to beat. The$3.2 millionseed that started everything in August 2025 brought inKunal Bahl and Rohit Bansal of Titan Capital, and Arjun Vaidya of V3 Ventures, alongside Abhishek Goyal, Maninder Gulati and Nitin Gupta. Even after all of them, the founders still held68.07%going into this round, Vivek Khetan and Chetan Sharma on 34.04% each, with Stellaris on 23.87% and the ESOP pool on 4.76%. Holding two thirds of your company at Series A means the earlier rounds were priced kindly. This one will change that. Vivek KhetanandAbhijit Gairolahit this problem alongside Sharma as customers first. All three are IIT graduates, all three became parents, and all three ended up doing what most Indian parents still do, which is drive to the shop, because you want to see the thing before it touches your child. They registere
