Live
- Rachakonda police issues prohibitory orders in view of TGPSC tests
- SBI rescues sr citizen from `46L cyber fraud
- 12-yr-old dies of electrocution
- Installation of smart meters opposed
- State Cabinet expansion in focus as CM leaves for Delhi
- Need to reintroduce country’s forgotten pride: Bhagwat
- Pant shatters Iyer's IPL auction record, sold to Super Giants for Rs 27 cr
- Yuva Sangeetha Sammelanam held
- Dharani proves a bane for 25K families across State
- Reckless, Dangerous Arms Race
FreshToHome raises $104mn venture funding
FreshToHome raises $104mn venture funding
FreshToHome, an online consumer brand for fish and meat has raised $104 million in SeriesD funding with Amazon Smbhav Venture Fund leading the round.
Hyderabad: FreshToHome, an online consumer brand for fish and meat has raised $104 million in SeriesD funding with Amazon Smbhav Venture Fund leading the round. Existing investors in FreshToHome including Iron Pillar, Investcorp, Investment Corporation of Dubai (the principal investment arm of the Government of Dubai), Ascent Capital and others have also participated in this round.
New investors joining this round include E20 Investment Ltd, Mount Judi Ventures and Dallah Albaraka. JP Morgan was the placement agent to FreshToHome for the fundraise.
Shan Kadavil, CEO, FreshToHome, said: "We are excited to have Amazon Smbhav Venture Fund lead our Series D funding round. FreshToHome has pioneered the revolution of making 100 per centpreservative and antibiotic-residuefree fresh fish, seafood, meat and meat products accessible and affordable to all and that is our biggest USP.
We are now a 'Proficorn' with operational profitability across the company. As we strive to offer more value to our farmers and fishers, customers, employees and investors, our focus is on profitability and sustainable value creation." AmazonSmbhav Venture Fund, through its official spokesperson, stated: "Our vision with the $250 million Amazon Smbhav Venture Fund is to empower the next generation of innovative, technology enabled companies led by visionary founders.
We are impressed with the FreshToHome management team led by Shan Kadavil and they have done some quality work in creating a robust technology enabled supply chain and scalable backward integrated capabilities to serve customers as well as farmers and fishers. We are excited to partner with FreshToHome for the next phase of its growth."
