Debt financing
Meat delivery startup FreshToHome raises Rs.61-Cr from BlackSoil, Stride Ventures
Bengaluru-based meat delivery startup FreshToHome has raised INR 60 crore from credit solutions provider BlackSoil (INR 44 crore) and Stride Ventures (INR 16.5 crore) as part of a larger INR 135 crore debt raise. Apart from non-convertible debentures (NCDs), the round also includes an equity component.Founded in 2015 by Shan Kadavil and Matthew Joseph, FreshToHome operates in about 160 cities across India and maintains a presence in the UAE.The fresh funds will be used by the company to deploy the new funds for working capital requirements, growth initiatives, expansion, marketing activities, and other operational needs.
Between May-19 and Jan-26, Fresh to Home had attracted about USD 280 M from CE-Ventures, Das Capital, M&S Partners, Iron Pillar, Joe Hirao, Ascent Capital, 6G Capital, DFC, Investment Corporation of Dubai, Amazon, InvestCorp Group, Mount Judi Ventures, Trifecta and others.For FY25, Freshtohome had reported about INR 421 Cr in Operating Income and about INR 146 Cr in Net Loss.
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