Dil Foods, a Bengaluru based virtual restaurant operator has successfully secured a Pre-Series A funding round of $2Mn.
Talking to ETRetail, Arpita Aditi, CEO and founder of Dil Foods said shared that the company plans to use the funds for standardizing its supply chain and launch six new brands in the current finan
The company creates brands, menus, pricing and packaging, establishes efficient processes, and collaborates with local restaurants possessing suitable infrastructure to handle orders.
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.