Private Equity Fund Investments
D2C fresh produce delivery startup Fraazo raises $28-M from WestBridge, Sixth Sense
Mumbai-based direct-to-consumer (D2C) fresh food startup Fraazo is raising INR 210.9 crore (approx USD 28.2 million) in a fresh round of funding from WestBridge, Sixth Sense Ventures, Exponentially I Mobility LLP among others. WestBridge will lead with INR 191 crore while existing investor Sixth Sense will invest INR 5 crore. The startup will use the funds for expanding its business operations and to augment funds for long term financial resources. Fraazo is based on a farm-to-fork model where it owns the entire back-end supply chain starting with farmers. The startup is at present operational in Mumbai and Hyderabad.
From the Venture Intelligence PE-VC Deal Database: Between May-19 and Jul-21 Fraazo had raised close to INR 128 crores from NAB Ventures, Equanimity Investments, Sixth Sense Ventures and GVFL. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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