Dubai’s ICD, Bahrain-based Investcorp invest in India’s FreshToHome
- Date: 28-Oct-2020
- Source: Wamda
- Sector:Agriculture
- Country:UAE
Dubai’s ICD, Bahrain-based Investcorp invest in India’s FreshToHome
Source: Money Control
FreshToHome, an online retailer of seafood and poultry said on October 28 that it has raised $121 million in a Series C funding round led by the Investment Corporation of Dubai, Bahrain-based Investcorp, Ascent Capital, the US Development Finance Corporation, the Allana Group and its existing backer-venture firm Iron Pillar.
FreshToHome enables its marketplace sellers to source and sell meat and fish directly from livestock farmers and fishermen in most major Mumbai, Delhi/NCR, Bangalore, Hyderabad, Pune, Kerala and Tamil Nadu and in the United Arab Emirates (UAE). In the current round, the startup was valued between $300-350 million, a person familiar with the matter said.
"COVID-19 transformed the fish and meat purchasing behaviour of consumers dramatically. Due to safety concerns, consumers made the habit-forming shift to e-commerce and we saw online
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