Freshtohome raises $20 million in its Series B investment round
Author : Saipriya Iyer | Published Date : 2019-08-28
- Freshtohome had raised $11 million three months ago in Series A investment round led by CE-Ventures.
- Freshtohome will utilize the funds for expansion in UAE, India and further diversify its product portfolio.
Freshtohome Foods Pvt. Ltd., an online meat and fish selling company based in Bengaluru, reportedly raised over $20 million in its Series B investment round led by Iron Pillar, a venture capital firm.
Freshtohome stated that Joe Hirao, a Japanese investor and founder of ZIGExN also took part in the investment round.
Previously, Freshtohome had raised $11 million three months ago in Series A investment round led by CE-Ventures, a venture capital arm of United Arab Emirates-based group, Crescent Enterprises. Freshtohome will utilize the new funds for its expansion in UAE and India and also to further diversify its product portfolio.
Freshtohome, which went offline recently, operates in nine cities across India which includes Delhi, Mumbai and Bengaluru. The company claims to complete 14,000 orders each day and sells 20 tons of meat and fish daily. Freshtohome rivals with the likes of Zappfresh and Licious.
Shan Kadavil, the founder of Freshtohome was the India unit head at Zynga Inc., previously. He was also the creator of Farmville, a popular game between February 2010 and March 2015.
Kadavil is also the managing director and co-founder of Dbaux.com, which provides ConnectivityStation, a device that facilitates connectivity solutions to companies.
According to reports, Kadavil, a frequent customer of SeaToHome founded by Mathew Joseph, was sad about the platform being shut down. Kadavil thus decided to give a new life to the platform and relaunched SeaToHome as Freshtohome by the end of 2015, alongside a group of individuals from Zynga.
About Freshtohome:
Freshtohome is an online retailer of meat and fish spread across number of cities in India and UAE. Freshtohome, the website sells mutton, poultry, steaks, fillet and fish. Freshtohome was founded by Shan Kadavil at the end of 2015.
Source Credit: https://www.vccircle.com/iron-pillar-leads-series-b-funding-in-freshtohome/
About Author
Saipriya Iyer . .
Saipriya Iyer presently works as a content developer for fractovia.org. Having dabbled with the domain of content creation for nearly half a decade, she now boasts of an enviable portfolio, holding substantial experience in penning down pieces related to technology, finance, and a wide spectrum of other industry verticals. A qualified computer engineering graduate from the University of Pune, Saipriya can often be found leveraging her knowledge of software technology and electronics in her write-ups. She can be contacted at- [email protected] | https://twitter.com/saipriya_i
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