FreshToHome, a prominent meat and seafood delivery startup, is set to secure Rs 135 crore in total debt across two recent rounds. The company, founded by Shan Kadavil and Matthew Joseph in 2015, has been actively raising funds, with BlackSoil and Stride Ventures contributing Rs 60 crore in the latest round, including an equity component through optionally convertible redeemable preference shares (OCRPS).
According to regulatory filings, FreshToHome will issue 550 non-convertible debentures (NCDs) at a face value of Rs 10 lakh each to raise Rs 55 crore. BlackSoil India will lead the round with Rs 40 crore, while Stride Ventures will join with Rs 15 crore in investment.
The move to raise debt comes after FreshToHome’s significant $104 million Series D round earlier this year, indicating a strategic financial decision in the company’s growth trajectory. The funds will be used for working capital needs, corporate activities, and overall growth strategies, including operational expansion and market penetration.
FreshToHome operates in approximately 160 Indian cities and key UAE markets, with a recent foray into quick commerce services, promising deliveries within 10–15 minutes. This financial move underscores the company’s commitment to sustainable growth and market leadership, despite reporting a slight rise in losses from the previous fiscal year. FreshToHome’s revenue from operations saw a solid 14% year-on-year increase to Rs 421.33 crore in FY25.
Source: Entrackr : Latest Posts