FreshToHome, an e-commerce platform for fresh fish and meat, announced on Tuesday that it has raised $104 million in Series D funding, led by Amazon Smbhav Venture Fund.
This round was also attended by existing investors Iron Pillar, Investcorp, Investment Corporation of Dubai (the primary investment arm of the Government of Dubai), Ascent Capital, and others.
The funds will help FreshTo’ome’s mission of making 100% preservative and antibiotic-free fish, seafood, and meat available and affordable to millions of meat lovers.”
“We are a ‘Pro’icorn,’ with operational profitability across the board. Our focus is on profitability and sustainable value creation as we strive to provide more value to our farmers and fishermen, customers, employees, 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 in this round.
FreshToHome, which launched in 2015, operates in over 160 cities across India and the UAE, offering over 2,000 certified fresh and chemical-free products.
“With the $250 million Amazon Smbhav Venture Fund, our vision is to empower the next generation of innovative, technology-enabled companies led by visionary founders,” said the fund’s spokesperson.
“We are thrilled to be partnering with FreshToHome for the next stage of its growth,” the spokesperson continued.
FreshToHome raised $121 million in Series C funding two years ago, led by Dubai’s Investment Corporation of Dubai, Investcorp, IronPillar, Ascent Capital, and the US Government’s development finance institution, DFC.
FreshToHome stated that the company is now operationally profitable.