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HomePosts Tagged "funding in Pre-Series A round"
Agribusiness, Company News, E-commerce, Finance, Funding, India, Start ups

The funds will be utilised for team expansion, tech enhancement, and to introduce new product lines.

Fresh From Farm, a B2B2C platform for consolidating fresh fruit demand, has successfully raised USD 2 million in a Pre-Series A round with participation from Inflection Point Ventures. Spearheading this investment is Ashish Kacholia, a seasoned investor in the public markets. Fresh From Farm takes charge of retailers’ operations, overseeing procurement, handling, sorting, and distribution, enabling them to focus solely on driving sales.

The allocated funds will be utilised for team expansion, tech enhancement, and to introduce new product lines. This collectively aligns with Fresh From Farm’s growth strategy, positioning them for continued success and expansion in the marketplace.

Fresh From Farm is a leading online platform revolutionising the way fresh produce is sourced and delivered. With a commitment to quality and convenience, Fresh From Farm (F3) uses a proprietary tech interface to predict and create a demand-supply equilibrium to minimise wastage of fresh produce. F3, with its unique business model, converts fruit vendors into mini- franchises and sources, grades and handles fruit for them allowing them to focus on only sales. Rohit Nagdewani the founder of Fresh From Farm, has the experience of founding 2 other ventures in the past.

Vikram Ramasubramanian, Partner, Inflection Point Ventures, says, “The concept of buying fresh fruits sounds fresh and healthy, but the process, however, is not. Behind every purchase lies a chain of individuals—farmers, labourers, and retailers—working tirelessly to bring these products to market. F3 steps in as a transformative force, streamlining this process with its tech-enabled platform. By offering transparency and efficiency, F3 empowers retailers to sell quality produce at fair prices, bridging the gap between affordability and profitability. Moreover, F3 champions sustainability by reducing wastage—a testament to its commitment to a healthier, more equitable future.”

Ashish Kacholia, Founder, Lucky Investments says, “The F3 team is solving a large problem for fresh fruits retailers by handling their sourcing logistics and helping their quality of life. Consolidation of demand in an otherwise fragmented and unorganized market is the key driver of the business. Rohit and his team’s deep expertise on the subject matter and their focus on unit economics allowed us to build conviction for the investment.”

Fresh From Farm operates at an impressive scale, with an annual recurring revenue of Rs 40 crores. Supporting this revenue stream is a dedicated team of 50 professionals, ensuring efficient operations and customer satisfaction. Anchored by a state-of-the-art facility spanning 20,000 square feet in New Delhi, the company leverages cutting-edge technology to uphold quality standards and meet market demand effectively. This robust infrastructure positions Fresh From Farm as a key player in the industry, poised for continued growth and success. Fresh From Farm has been able to deliver a partial exit to its early investors with more than 400 per cent returns.

Rohit Nagdewani, Founder, Fresh From Farm, says, “Our vision of becoming India’s largest Fresh Fruits company aligns with our efforts to expand aggressively in New Delhi/ NCR. While currently delivering at over 300+ locations every day, our key focus at wastage reduction and efficient demand consolidation have allowed for our retailer partners to earn an average of 29% more than working through traditional channels. On the growth front, we are aiming to touch Rs 100 crore ARR by the end of this calendar year.”

The funds will be utilised for team

Agribusiness, Company News, Finance, Funding, India, Oilseeds, Start ups

Company plans to use the funds to boost visibility, expand distribution, and enhance production capacity.

 Indic Wisdom, an agri-produce startup raised Rs 4 crores in Pre-Series A Round led by Inflection Point Ventures. Mahendra Sankhe, Launch Capital, Bifco Finance, and other HNIs also participated in the round. The funds will be utilized to enhance the brand’s visibility, expand its distribution network, and build production capacity toward increasing market presence and operational efficiency.

Indic Wisdom Pvt. Limited traces its inspiration to India’s egalitarian culinary traditions. Growing up learning that food should always be natural and always shared with everyone, Kaustubh Khare and Prajakta Khare founded the brand to contemporise that civilizational wisdom and produce goodness at scale, with a focus on wood-pressed oils.

Rahul Wagh, Managing Director, Inflection Point Ventures, said, “Conventional oils encounter issues concerning their quality, safety, nutrient content, and environmental impact. Choosing wood-pressed oils gives a healthier and more sustainable choice for both manufacturers and consumers. With the global wood-pressed oil market expected to grow from USD 9.63 billion in 2022 to USD 18.61 billion by 2030, at a compound annual growth rate (CAGR) of 8.57 per cent, there’s a clear shift towards the healthier alternatives. This, with increasing awareness about the health concerns related to conventional oils, brings us here, to the right path that our ancestors paved.”

Indic Wisdom stands out with its strengths and unique selling points (USPs) such as in-house manufacturing and rigorous quality control, to ensure the finest products. Offering price parity in the category, it remains PAT positive for the past four years, reflecting financial stability. The brand’s extensive range of oils and its presence across multiple channels further contribute to its distinct position in the market.

Currently, they operate at a scale where they extract 70 thousand liters of oil per month, highlighting their significant production capacity.

Prajakta Khare, Founder & Director, Indic Wisdom, said, “At Indic Wisdom, our goal is to take India’s timeless tradition of prasad – food that is pure, sustainable, and meant for everyone – to every corner of the world. We are doing this by taking our ancient wisdom and food production practices and infusing them with modern production best practices and quality standards. In an era when India is rising in stature in the world and our manufacturing is being looked at with great promise, we believe we can be the embodiment of India’s best traditions, promoting purity and accessibility of food, sustainable growth for ecosystems, and responsible conduct in society.

Proudly bootstrapped, we have made this ethos come to life with our Wood Pressed Oil extraction plant. Not only is it India’s largest, but it is also a ZERO WASTE manufacturing facility that has generated employment in the tribal belt of Palghar and achieve impressive monthly GMV of Rs 2.5 crores.

Company plans to use the funds to