Other Private Equity/Strategic Investments
B2B food-tech platform Urban Harvest in talks to raise Rs.300-Cr at Rs.1,500-Cr valuation
New Delhi-based Urban Harvest is in talks to raise Rs.300-Cr in a new funding round. The potential investors identified include Info Edge, the family office of Mankind Pharma, and investor Sandeep Kapadia. The proposed transaction would value the company at about Rs.1,500-Cr, nearly double its valuation of Rs.780-Cr from October last year.Founded in 2019, Urban Harvest operates as a B2B (business-to-business) food-tech platform supplying food ingredients, fresh produce, and automated coffee machines to restaurants and cloud kitchens. The company plans to use the new funds to expand its warehouse network and enter Delhi, Hyderabad, Mumbai, and Jaipur. Currently, the company operates five dark warehouses across the National Capital Region (NCR), Bhuvaneshwar, Bengaluru, and Ahmedabad.
Between Dec 2022 and Oct 2023, Urban Harvest had attracted about $ 1.81 M from Info Edge.
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