Business Daily Media

Men's Weekly

.

FreshToHome closes $104MM in Series D funding with Amazon Smbhav Venture Fund as the lead investor

  • Written by PR Newswire

NEW DELHI, Feb. 24, 2023 /PRNewswire/ -- FreshToHome[1], the world's largest fully integrated online consumer brand for preservative and antibiotic-residue free fresh fish and meat, has closed $104 million in Series D 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 & Co-founder, FreshToHome Shan Kadavil, CEO & Co-founder, FreshToHome

The current funding will strengthen FreshToHome's mission to make 100% preservative and antibiotic-residue free fish, seafood, and meat accessible and affordable to millions of meat lovers. Launched in 2015, FreshToHome operates in 160+ cities in India and the UAE and offers more than 2,000 certified fresh and chemical-free products.

Shan Kadavil, CEO & Co-founder, 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% preservative and antibiotic-residue free 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."

Amazon Smbhav Venture Fund, through its official spokesperson stated "Our vision with the $250MM 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 both customers as well as farmers and fishers. We are excited to partner with FreshToHome for the next phase of its growth." 

FreshToHome's core strengths lie in its brand promise for its quality and consumer trust and in its technology-enabled offering - Commodities Exchange, empowering over 4,000+ fishers and farmers to electronically auction their produce for sale on [2]www.FreshToHome.com[3].

Two years ago, FreshToHome raised $121MM in its Series C round, led by Dubai's Investment Corporation of Dubai, Investcorp, IronPillar, Ascent Capital and U.S. Government's development finance institution – DFC.

 

References

  1. ^ FreshToHome (www.freshtohome.com)
  2. ^   (www.freshtohome.com)
  3. ^ www.FreshToHome.com (www.freshtohome.com)

Read more https://www.prnasia.com/story/archive/4023480_AE23480_0

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Leftover Budget? The Last-Minute EOFY Tip to Drive Business Success in FY25/26

The countdown is on. With just days left until EOFY, now’s the time to make your remaining 2024–2025 budget work harder and smarter. After workin...

pay.com.au appoints new CEO and Managing Director

The former COO will lead the company’s next growth phase, with ex-CEO Edward Alder transitioning into the role of Managing Director AUSTRALIA, 25...

Sell by LayBy