FreshToHome Raises ₹861 Crore From Amazon Smbhav Venture Fund
FreshToHome is a Bangalore-based online portal for fresh meat, fish, and seafood. The company has raised ₹861 crores ($104 million) in the Series D round. Amazon Smbhav Venture Fund led the $104 million Series D round of funding for FreshToHome, an online retailer of fresh meat, fish, and seafood. E20 Investment Ltd. from Dubai, Mount Judi Ventures. from Bangalore, and Dallah Albaraka. from Jeddah also took part in the round. FreshToHome has received a new fund after a 28-month break. The Bengaluru-based company acquired $121 million in Series C financing in October 2020. The company, which is the newest candidate to join the unicorn club and has received about $258 million to date, did not provide the current valuation. In October 2021, the firm’s rival Licious crossed the $1 billion valuation threshold and turned into the industry’s first unicorn. FreshToHome intends to use the new funding to increase its footprint in Saudi Arabia, the Middle East, and North Africa. ...