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Bengaluru-based FreshToHome raises $121 million in series C funding

Bengaluru-based brand in fresh fish and meat e-commerce, FreshToHome, announced it has raised $121 million in Series C funding led by ICD,Investcorp, Ascent Capital, DFC, the Allana Group and others

Topics
funding | Investors

Press Trust of India  |  Bengaluru 

capex, expenditure, defence, funding, cash, capital, budget, crunch, liquidity, money

Bengaluru-based online brand in

fresh fish and meat e-commerce, FreshToHome, announced on Tuesday it has raised USD 121 million in Series C led by Investment Corporation of Dubai (ICD),Investcorp, Ascent Capital, DFC, the Allana Group and other

Iron Pillar, the lead investor from Series B, participated in this round with an investment of USD 19 million, it said in a statement.

"We are just beginning to scratch the surface of a very large market and the current capital raise will help us realise our full potential through rapid expansion in India and the Middle East"saidShan Kadavil, Co-Founder and CEO of FreshToHome.

FreshToHome has approximately 1.5 million B2C orders per month and USD 85 million annualised sales run rate on the platform, according to the statement.

FreshToHome said it enables its marketplace sellers to source and sell meat and fish directly from livestock farmers and fishermen in Mumbai, Delhi/NCR, Bengaluru, Hyderabad, Pune, Kerala and Tamil Nadu and in the UAE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Tue, October 27 2020. 18:36 IST
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