In addition to Amazon, several existing investors in FreshToHome also participated in the funding round, including Iron Pillar, Investcorp, Investment Corporation of Dubai (the investment arm of th
With this round, the company has raised a total of USD 256 million till date. Approximately, 3 year back, FreshToHome raised USD 121 million in series C round.
FreshToHome, an online grocer that operates mainly in India and the United Arab Emirates, raised $104 million from a group of investors led by Amazon.com Inc.
The funding round was led by Amazon Sambhav Venture Fund and saw participation from E20 Investment, Mount Judi Ventures, as well as some existing investors.
The meat and fish retail brand will utilise the funds to expand its network of stores, apart from expanding in the Middle East by entering Saudi Arabia.
Investment represents Amazon Smbhav Venture Fund's first direct foray into the D2C branded food space.
College career tech platform Internshala announced that it has raised additional capital from Mount Judi Ventures and other HNIs as part of its expanded series A round.
As part of its expansion strategy, the company has launched two new offerings – fresher jobs and specialisation trainings with guaranteed internships.