Amazon backs Indian meat startup FreshToHome in $104 million funding

By Team Startupcity  |  Wednesday, 22 February 2023, 09:39 IST

Amazon backs Indian meat startup FreshToHome in $104 million funding
Amazon Smbhav Venture Fund led a $104 million Series D investment round for the fresh fish and meat e-commerce business FreshToHome. The round also included participation from previous investors Iron Pillar, Investcorp, Investment Corporation of Dubai (the main investment arm of the Government of Dubai), Ascent Capital, and others.
The money will help FreshTo'ome in its objective to provide millions of meat lovers with 100% preservative- and antibiotic-residue-free fish, shellfish, and meat that is accessible and cheap." "We have operational profitability across the board, making us a "Pro'icorn." Our focus is on profitability and sustained value creation as we work to provide greater value to our farmers and fishermen, consumers, staff, and investors, said Shan Kadavil, CEO and Co-Founder of FreshToHome.
E20 Investment Ltd., Mount Judi Ventures, and Dallah Albaraka are among the new investors that have joined this round. FreshToHome, a 2015 startup, operates in more than 160 cities throughout India and the UAE and provides more than 2,000 products that are guaranteed to be chemical-free and fresh. The $250 million Amazon Smbhav Venture Fund's spokesperson stated that the goal is to "empower the next generation of innovative, technology-enabled businesses driven by visionary founders."
The statement continued, "We are thrilled to work with FreshToHome for the next chapter of its growth. In its Series C round, which was led by Dubai's Investment Corporation of Dubai, Investcorp, IronPillar, Ascent Capital, and the US Government's Development Finance Institution, FreshToHome raised $121 million two years ago. FreshToHome said that business is currently operationally profitable across the board.

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