Aiming to transform the fish & meat market , FreshToHome an Indian startup has raised 121 million USD in series C funding on Tuesday. Founded in 2015, it offers service in Delhi, Mumbai, Pune, Bengaluru and Hyderabad which sales fresh, fish, chicken and other kinds of meat. The funding was led by Investment Corporation Of Dubai (ICD), Investcorp, Ascent Capital, The United States International Development Financial Corporation (DFC) and Allana was part of the funding round.
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The funds raised by FreshToHome are the largest round of Series C funding by an Indian consumer tech startup to date. FreshToHome remain the first Indian startup to acquire an equity stake from DFC. The startup with annual recurring revenue of 85 million, aims to hit 200 million next year. Shan Kadvil, CEO FreshToHome said “Covid-19 has transformed the fish and meat purchasing behavior of consumers dramatically”. The funds raised Will be utilized to support its expansion in India and the Middle East, he added.