India’s FreshToHome in advanced talks with Gulf funds on $130m investment

SourceArabian Business
SectorFinancial Markets

FreshToHome, the India-based e-commerce platform that specialises in fresh vegetables, fish and meat, is in an advanced stage of negotiations with Gulf-based investment fund, sources have told Arabian Business. The talks centre around Bahrain's Investcorp, Raed Capital in Dubai and Mumbai-based Allana Group, which has major presence in the Middle East, investment banking sources revealed. Sources said the current round of funding values the Indian e-commerce platform at around $500 million The Bangalore-based e-commerce start-up, which launched operations in the UAE last year, is also in final stages of negotiations with US International Development Finance Corporation (DFC) and David Wehner, chief financial officer of Facebook for participation of the current funding round, a source involved with the deal said. FreshToHome expands processing and storage capacity, and also add new sourcing and delivery centres in more...