All posts tagged: media

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 …

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>  

‘Surprising to see how quickly smaller cities have adapted to ordering meat online’: FreshToHome cofounder

Published by Shwetha Satyanarayan

Shan Kadavil, Co-Founder, FreshtoHome How far would you go to get your fish curry and rice right? Some like Shan Kadavil start their own company. Co-founder of FreshToHome, Kadavil started the meat and seafood e-commerce platform when his fish supplier shut shop. Since then, he’s promised to make fresh non-vegetarian ingredients available in every corner of the country. And now, he’s hungry to grow. In an exclusive chat with Storyboard18, Kadavil shares the company’s plans for expansion and reducing delivery time, focusing on ready-to-eat options, and roping in Ranveer Singh for a campaign. <Read More>

How FreshToHome is Integrating Emergent Technologies To Improve Supply Chain Efficiencies

Published by Shwetha Satyanarayan

Shan Kadavil, Founder, FreshtoHome The last few years have seen major developments within the dairy and meat sector, particularly concerning the supply chain side of things. If you are someone who likes to get daily essentials of meat and dairy to be available at your home in time, chances are you have heard of these start-ups FreshToHome, Licious, Zappfresh, Grubmarket, Farmdrop, Peapod, and Enedao.com. These are dairy and meat delivery start-ups that have come up in the last ten years which have pioneered new changes in the supply chain like sourcing materials directly from fishermen and farmers. Bengaluru-based FreshToHome has been working to up the ante by bringing in newer technologies to make the entire supply more efficient. “Our technology-enabled platform ensures that middlemen are cut out and the product reaches the end consumer within 24 -36 hours,” said Shan Kadavil, Co-Founder and CEO, FreshToHome. “We have incorporated technology to the length and breadth of our business, right from sourcing to supply chain to our delivery mechanism.” The meat and dairy industry is largely unregulated with a serious …