All posts tagged: startup

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.

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 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>

Russia-Ukraine War: Geopolitical Tensions Do Not Have Any Impact On Indian Fish Imports

Published by Shwetha Satyanarayan

Mathew Joseph, COO, Co-Founder, FreshtoHome The Indian fisheries sector has witnessed dramatic growth in recent years, making India one of the largest producers of fish and fish products in the world. Currently, India is the third-largest fish-producing country in the world and accounts for 7.96 per cent of global production. According to the ministry of fisheries, animal husbandry and dairying, government of India, “The fisheries sector has been recognized as the ‘Sunrise Sector’ and has demonstrated an outstanding double-digit average annual growth of 10.87 per cent since 2014-15.” In FY21, the total fish production in India was around 14.73 million tonne (MT) with a contribution of 11.25 MT from the inland sector and 3.48 MT from the marine sector. Statistically, India’s per capita consumption of fish and meat products stands around 4-7 kilograms per annum, while the global numbers are 20 kg per annum. <Read More>  

FreshToHome unveils expansion plan for 2022 in Karnataka

Published by Shwetha Satyanarayan

  Shan Kadavil, Founder, FreshtoHome After successfully making its presence felt across the country, FreshToHome shows no signs of slowing down and continues to expand its wings. The world’s largest fully integrated online brand in fresh fish and meat e-commerce is all set to reinforce its market presence by making available its product offerings in over 20 new cities and enabling the setup of 50 new Powered-By- FreshToHome stores in Karnataka. Speaking on the occasion, Shan Kadavil, Founder, FreshToHome said, “FreshToHome had entered Karnataka in the year 2015. Having strengthened our presence in the state/city, we are now thrilled to expand to more towns and enable Powered-By-FreshToHome stores. Keeping our customers’ safety at heart, we have strived to offer superior quality, 100% fresh, and chemical-free products. Given the market’s great potential and the rise in demand for quality meat and seafood, we aim to delight our customers with products at affordable rates and at their convenience. We are glad to serve our customers with toxin-free options of meat and seafood of their choice. In the …

FreshToHome announces expansion to over 150 cities, also set to launch 100 new stores

Published by Shwetha Satyanarayan

Shan Kadavil, Founder, FreshtoHome Online fish and meat e-tailer FreshToHome will be expanding its product offerings to over 150 towns across Punjab, NCR, Uttar Pradesh, Rajasthan, Kolkata, Maharashtra, Karnataka, Andhra Pradesh, Telangana, Tamil Nadu and Kerala, as per a statement on February 11. The brand will also launch around 100 new Powered-By-FreshToHome stores to strengthen its customer experience; and associating with delivery partners in these cities to promote micro entrepreneurship and empower small businesses, it added. “We are thrilled to expand to more than 150 towns and sign off setting up of Powered-By-FreshToHome’s stores countrywide. These will serve as convenience stores to customers to offer the finest quality chemical and preservative-free products,” said Shan Kadavil, Founder of FreshToHome. Read More

FreshToHome scales up expansion to over 150 cities across India

Published by Shwetha Satyanarayan

  Shan Kadavil, Founder, FreshtoHome FreshToHome, the world’s largest fully integrated online brand in the fresh fish and meat e-commerce space has reinforced its market presence by making available its product offerings in over 150 towns in the states of UP, NCR, Punjab, Kolkata and Rajasthan. The other locations include Telangana, AP, TN, Kerala, Maharashtra and Karnataka. In addition, about 100 new Powered-By-FreshToHome stores are set to be launched strengthening its customer experience. FreshToHome is also associating with delivery partners in these cities to promote micro-entrepreneurship empowering small businesses. Read More