Debt

Debt financing

Meat delivery startup FreshToHome raises Rs.75-Cr

Entrackr   FreshToHome  

Bengaluru-based meat and seafood delivery startup FreshToHome has raised INR 75 crore (USD 8.5 million) in a debt funding round from Trifecta Capital through the issue of 750 non-convertible debentures (NCDs) at a fair value of INR 10,00,0000 apiece.Founded in 2015 by Shan Kadavil and Matthew Joseph, FreshToHome operates in about 160 cities in India and also has a presence in the UAE. The company expanded into quick commerce in February last year.The new funds will be used for the company’s working capital requirements.

Between May-19 and Feb-23, FreshToHome had attracted about USD 271 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, and others.For FY25, FreshToHome had reported about INR 421.34 Cr in Operating Income and about INR 146.33 Cr in Net Loss.