Fresh fish and meat e-commerce platform FreshToHome on Tuesday said it has raised $104 million in a Series D funding round led by Amazon Smbhav Venture Fund along with E20 Investment Ltd, Mount Judi Ventures and Dallah Albaraka.
Existing investors Iron Pillar, Investcorp, Investment Corporation of Dubai (the principal investment arm of the Government of Dubai), Ascent Capital and others also participated in this round.
The funds will strengthen FreshToHome’s mission to make 100 per cent preservative and antibiotic-residue-free fish, seafood, and meat accessible and affordable to millions of meat lovers.
Launched in 2015, FreshToHome operates in more than 160 cities in India and the UAE and offers more than 2,000 certified fresh and chemical-free products.
Two years ago, FreshToHome raised $121 million in its Series C round, led by Dubai’s Investment Corporation of Dubai, Investcorp, IronPillar, and Ascent Capital and US Government’s development finance institution — DFC.
FreshToHome said that on a company-wide basis, it is now operationally profitable.
“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,” said its spokesperson.
“We are excited to partner with FreshToHome for the next phase “f its growth,” the spokesperson added.
Shan Kadavil, CEO and Co-founder, FreshToHome “We are now a ‘Pro’icorn’ 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.”
