Business Standard

E-commerce firm FreshToHome bags $104 mn amid long funding dry spell

Launched in 2015, FreshToHome operates in over 160 cities in India and the UAE. It offers more than 2,000 certified fresh and chemical-free products

Shan Kadavil, chief executive officer and co-founder, FreshToHome
Premium

Shan Kadavil, chief executive officer and co-founder, FreshToHome

Peerzada Abrar Bengaluru
In a departure from the ongoing funding winter, fresh fish and meat e-commerce firm FreshToHome has closed $104-million in Series D funding with Amazon Smbhav Venture Fund leading the round. The investment comes at a time when technology and start-up industry valuations are under stress and companies are laying off employees.

Existing investors in Bengaluru-based FreshToHome, including Iron Pillar, Investcorp, Investment Corporation of Dubai (the principal investment arm of the Government of Dubai) and Ascent Capital, also participated in this round. New investors include E20 Investment Ltd, Mount Judi Ventures and Dallah Albaraka. JP Morgan was the placement agent to

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 21 2023 | 10:44 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com