Cibi e Bevande
FreshToHome raises $121M - the largest ever Series C funding in India Consumer Tech
BANGALORE, India and SINGAPORE , Oct. 27, 2020 /PRNewswire/ -- FreshToHome, the world's largest fully integrated online brand in fresh fish and meat e-commerce raised $121M in Series C funding led by Investment Corporation of Dubai (ICD) - the principal investment arm of the Government of Dubai, Investcorp - a leading global manager of alternative investments, Ascent Capital - a leading India -focused growth capital provider, U.S. Government's development finance institution - DFC, the Allana Group and other investors. Iron Pillar, the lead investor from Series B participated in this round with a significant investment of $19M . Barclays was an advisor for the transaction.
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FreshToHome is the world's largest fully integrated online brand in fresh fish and meat e-commerce, with approximately 1.5 Million (15 Lakh) B2C orders per month and $85M (~INR 600 Crore ) annualized sales on the platform.
Shan Kadavil and other co-founders of FreshToHome have a Silicon Valley entrepreneurship background, having been part of leadership teams of companies such as Zynga. Some of the early backers of FreshToHome include Mark Pincus - Zynga founder, David Krane - CEO of Google Ventures, Pete Briger - Chairman of Fortress, Abdul Aziz Al-Ghurair - Chairman of Mashreq Bank, Rajan Anandan of Sequoia and other renowned investors.
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Support from its existing large Middle East -based investors such as CE-Ventures - the corporate venture capital platform of Crescent Enterprises significantly helped in aiding its expansion in the UAE, where it is already one of the top 5 e-grocers.
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sonali.chakravorty@kaizzencomm.com
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