All posts filed under: Technology

FreshToHome closes $104 mn Series D funding with Amazon Smbhav VC, others

Published by Shwetha Satyanarayan

Shan Kadavil, CEO and Co-Founder, FreshtoHome FreshToHome, a platform that sells fresh fish and meat, has closed $104 million in Series D funding with Amazon Smbhav Venture Fund leading the round. New investors joining this round included E20 Investment Ltd., Mount Judi Ventures and Dallah Albaraka while existing investors in FreshToHome including Iron Pillar, Investcorp, Investment Corporation of Dubai (the principal investment arm of the Government of Dubai), Ascent Capital and others were also part of this round, said the company in a statement. FreshToHome has pioneered the revolution of making 100% preservative and antibiotic-residue-free fresh fish, seafood, meat and meat products accessible and affordable to all and that was the platform’s biggest USP,’‘ claimed Shan Kadavil, CEO & Co-founder, FreshToHome. “We are now a ‘Proficorn’ with operational profitability across the company. As we strive to offer more value to our farmers and fishers, customers, employees and investors, our focus is on profitability and sustainable value creation,’‘ he added.

D2C Meat Startup FreshToHome Raises $104 Mn Funding To Build Omnichannel Presence

Published by Shwetha Satyanarayan

D2C meat and fish brand FreshToHome has raised $104 Mn in a Series D funding round led by Amazon Sambhav Venture Fund. The round also saw participation from E20 Investment, Mount Judi Ventures, as well as existing investors such as Investcorp, among others. FreshToHome will use the fresh funding to expand its presence in the domestic market, especially in the 100 cities that it entered over the last 18 months, as well as in Saudi Arabia, its cofounder and CEO Shan Kadavil told Inc42. Shan Kadavil, CEO and Co-Founder, FreshtoHome <Read More>

Amazon backs Indian meat startup FreshToHome in $104 million funding

Published by Shwetha Satyanarayan

Indian startup FreshToHome, which sells fresh fish and meat to consumers in the South Asian market and the Middle East region, has courted a new backer: Amazon. Amazon, through its India-focused Smbhav Venture Fund, has led a $104 million Series D financing round in the Bengaluru-headquartered startup, the two companies said Tuesday. The new round for the startup, which also counts the development arm of the American government among its backers, also saw participation from the government of Dubai and Iron Pillar. This is the largest check that the $250 million Smbhav Venture Fund has written so far. The new round takes FreshToHome’s all-time raise to over $250 million. Started in 2015, FreshToHome is one of the largest players battling for a slice of the $100 billion Indian fish and meat market. Most Indians are not vegetarians, but the current market is run on an age-old system. FreshToHome is bringing efficiency to the market by streamlining the sourcing infrastructure of meat and fish and improving the quality of the produce and their delivery time by using its own rigorous …

FreshToHome Raises Series D Funding, Led By Amazon Smbhav

Published by Shwetha Satyanarayan

Direct-to-consumer meat delivery brand FreshToHome has closed $104 million (Rs 861.3 crore) in a Series D round led by Amazon Smbhav Venture Fund, a top executive told VCCircle. “The fresh capital would be used to deepen FreshToHome‘s presence in the 160 cities cities it currently operates in,” founder and chief executive Shan Kadavil said in a telephonic interaction. In a bid to focus on omnichannel going ahead, the meat deliverer is also looking to expand into Saudi Arabia, Kadavil added. Shan Kadavil, CEO and Co-Founder, FreshtoHome <Read More>

FreshToHome to Invest Rs 1K crore in Telangana

Published by Shwetha Satyanarayan

Shan Kadavil, Co-Founder, FreshtoHome Hyderabad: FreshToHome (FTH), the world’s largest fully integrated e-commerce platform for fresh fish, meat, and seafood, has announced fresh investments in a phased outlay of up to Rs 1,000 crore in Telangana. In the next five years, FreshToHome will deploy funds to strengthen its presence across the state that has the largest percentage of meat consumers with more than 98% of its population consuming non-veg. Studies reveal that the average per capita consumption of non-veg is 1.4 kilos per month in Telangana. An investment-friendly hub, Telangana is one of the high traction customer bases in South India. In the last two quarters alone, FreshToHome has witnessed 6x growth in Hyderabad and has been successfully acquiring new customers month-on-month both at online and offline touchpoints. Shan Kadavil, Co-Founder, FreshToHome, said, “Telangana is one of the fastest-growing states in India, and is a huge potential market for FreshToHome. We will, directly and indirectly, invest in capabilities that will help us serve our customers in distribution, cold chain, and sourcing capabilities. Our recent growth in Telangana …

FreshToHome announces investments upto ₹1,000 crore in Telangana

Published by Shwetha Satyanarayan

Shan Kadavil, Co-Founder, FreshtoHome Leading e-commerce platform for fresh fish, meat, and seafood — FreshToHome (FTH) — on 23 June announced fresh investments in a phased outlay of up to ₹1,000 crore in Telangana. The platform aims to deploy funds to strengthen its presence across the state that has the largest percentage of meat consumers with more than 98 per cent of its population consuming non-veg. As per study in Telangana, the average per capita consumption of non-veg is 1.4 kilos per month. In the last two quarters alone, FreshToHome has witnessed 6x growth in Hyderabad and has been successfully acquiring new customers month-on-month both at online and offline touchpoints. <Read More>

FreshToHome expects to clock revenues of ₹1,500-2,000 crore in FY23

Published by Shwetha Satyanarayan

Shan Kadavil, Co-Founder, FreshtoHome Clocking in promising revenue growth last year, FreshToHome, a direct-to-customer meat and seafood start-up, expects to continue growing its revenue base in FY23. The company told BusinessLine that it expects to reach a turnover of ₹1,500-2,000 crore in FY23. “We are the largest company in this segment, both in terms of revenue as well as orders. Last year, our revenue figures stood at ₹1,200 crore, which we expect to reach ₹1,500-2,000 crore in FY23,” said Shan Kadavil, CEO and founder, FreshToHome. The company receives a total of 2.5 million orders every month, across all categories. Kadavil said that there are plans to expand both nationally and internationally. On a national front, the company is building itself as a retail major. <Read More>

‘Surprising to see how quickly smaller cities have adapted to ordering meat online’: FreshToHome cofounder

Published by Shwetha Satyanarayan

Shan Kadavil, Co-Founder, FreshtoHome How far would you go to get your fish curry and rice right? Some like Shan Kadavil start their own company. Co-founder of FreshToHome, Kadavil started the meat and seafood e-commerce platform when his fish supplier shut shop. Since then, he’s promised to make fresh non-vegetarian ingredients available in every corner of the country. And now, he’s hungry to grow. In an exclusive chat with Storyboard18, Kadavil shares the company’s plans for expansion and reducing delivery time, focusing on ready-to-eat options, and roping in Ranveer Singh for a campaign. <Read More>

How FreshToHome is Integrating Emergent Technologies To Improve Supply Chain Efficiencies

Published by Shwetha Satyanarayan

Shan Kadavil, Founder, FreshtoHome The last few years have seen major developments within the dairy and meat sector, particularly concerning the supply chain side of things. If you are someone who likes to get daily essentials of meat and dairy to be available at your home in time, chances are you have heard of these start-ups FreshToHome, Licious, Zappfresh, Grubmarket, Farmdrop, Peapod, and Enedao.com. These are dairy and meat delivery start-ups that have come up in the last ten years which have pioneered new changes in the supply chain like sourcing materials directly from fishermen and farmers. Bengaluru-based FreshToHome has been working to up the ante by bringing in newer technologies to make the entire supply more efficient. “Our technology-enabled platform ensures that middlemen are cut out and the product reaches the end consumer within 24 -36 hours,” said Shan Kadavil, Co-Founder and CEO, FreshToHome. “We have incorporated technology to the length and breadth of our business, right from sourcing to supply chain to our delivery mechanism.” The meat and dairy industry is largely unregulated with a serious …