With COVID-19 transforming the fish and meat purchasing to e-commerce and online demand for our products going up manyfolds this year, Fresh To Home, the international online brand in fresh fish and meat e-commerce has raised through Series C funding $121M.
Led by Investment Corporation of Dubai (ICD)-the principal investment arm of the Government of Dubai, Investcorp – a leading global manager of alternative investments and Ascent Capital – an India-focused growth capital provider, U.S. Government’s development finance institution -DFC, the Allana Group and other investors,Iron Pillar, the lead investor from Series B participated in this round with an investment of $19M. Barclays was an advisor for the transaction, according to a press communication from the company.
“Fresh-To-Home stands by the brand’s assurance and creates enormous social and economic impact by enabling sellers to directly source from the fishermen and farmers with its patent-pending AI-powered supply chain technology and aided by a state-of-the-art cold chain.
The current capital raise will help us realize our full potential through rapid expansion in India and the Middle East” said Shan Kadavil, Co-Founder and CEO of FreshTo Home.