PE Fund Investments
D2C meat seller FreshToHome in talks to raise $150-M at unicorn valuation
Bengaluru-based D2C meat and seafood startup FreshToHome is looking at a Series D funding round of USD 100-150 million, at a post-money valuation of over USD 1 Billion. The new funding round may see participation from Abu Dhabi Investment Office (ADIO) and existing investors such as private equity firm Investcorp. Investors from Dubai, Bahrain and Saudi Arabia, where FreshToHome has expanded its offerings over the past couple of years, are also expected to invest in the round. The startup enables its marketplace sellers to source and sell meat and fish directly from livestock farmers and fishermen, and is present in most Indian cities and the UAE. FreshToHome claims that it delivers 1.5 million D2C orders per month. Its operating revenue doubled to INR 16.9 crore in FY21 from INR 8.4 crore in FY20.
From the Venture Intelligence PE-VC Deal Database: Between May 19 and Oct 20, FreshToHomw had raised over USD 172 M from CE-Ventures, Ascent capital, Investment Corporation of Dubai, Iron Pillar and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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