As per the regulatory filings, FreshToHome is in talks to finalise a $130 million funding round from a clutch of investors.
FreshToHome is an ecommerce platform that sells fresh non-vegetarian food products to consumers through its website and app with home delivery.
The funding round will be led by a group of investors including Investcorp, Saudi corporate venture capital firm Raed Ventures, Middle East Oils and Grains and US International Development Finance Corporation (DFC).
Facebook CFO David Wehner and the existing investors Iron Pillar and Ascent Capital also participated in the round. As per the filings, Ascent Capital has already infused $16 million and DFC has confirmed $20 million in the total funding among other investors.
The startup plans to connect with more delivery partners, mostly focusing on farmers and fishermen. It would help farmers and fishermen with required funds and technical support to help them grow their businesses.
The current round would raise the valuation of the startup in between $380 million to $400 million.
featured image source: Deccan Herald
Vinay is the Chief Editor at Red Newswire with over 12 years of experience in writing for startups, business , finance, politics and more. He also writes for Truth Indian and several other blogs. Though he is a graduate in Computer Science Engineering from Visweswararaya Technological University (VTU) Bengaluru, his passion for writing and expressing his views in an unbiased approach is more than that of a software developer by profession.
He is a regular follower of startup news and is keen on all that keeps happening in the business environment and the startup ecosystem.