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Friday / November 8. 2024
HomePosts Tagged "Series D funding"

The funding will strengthen FreshToHome’s mission to make 100 per cent preservative and antibiotic-residue free fish, seafood, and meat accessible and affordable to millions.

Bengaluru-based startup FreshToHome, a fully integrated online consumer brand for preservative and antibiotic-residue free fresh fish and meat, has closed $104 million in Series D funding with Amazon Smbhav Venture Fund leading the round. Existing investors in FreshToHome including Iron Pillar, Investcorp, Investment Corporation of Dubai (the principal investment arm of the Government of Dubai), Ascent Capital and others have also participated in this round. New investors joining this round include E20 Investment Ltd, Mount Judi Ventures and Dallah Albaraka. JP Morgan was the placement agent to FreshToHome for the fundraise.

The current funding will strengthen FreshToHome’s mission to make 100 per cent preservative and antibiotic-residue free fish, seafood, and meat accessible and affordable to millions. Launched in 2015, FreshToHome operates in 160+ cities in India and the UAE and offers more than 2,000 certified fresh and chemical-free products.

Two years ago, FreshToHome raised $121 million in its Series C round, led by Dubai’s Investment Corporation of Dubai, Investcorp, IronPillar, Ascent Capital and US Government’s development finance institution – DFC.

The funding will strengthen FreshToHome’s mission to

The company plans to significantly increase its presence to 100 Growing Centers in 20 countries

Infarm, a rapidly growing urban farming company with a global presence, announced that it has raised $200 million in a Series D funding round. The investment included participation from existing and new investors, including the Qatar Investment Authority (QIA) – which will support the company’s expansion to countries in the Middle East – Partners in Equity, Hanaco, Atomico, Lightrock, and Bonnier.

The additional capital will serve to expand the deployment of the company’s vertical farms in the US, Canada, Japan and Europe, and to enter new markets in Asia-Pacific and the Middle East with both in-store farming units and Infarm Growing Centers. In 2023, Infarm will open its first Growing Center in Qatar, where it will harvest tomatoes, strawberries and other fruiting crops besides herbs, salads and leafy greens.

This new farming model can be as much as 400 times more efficient than soil-based agriculture and uses no chemical pesticides. It requires 95 per cent less land and uses 95 per cent less water by recycling water and nutrients and using the evaporated water of the plants. 

Goldman Sachs Bank Europe SE and UBS acted as financial advisors to Infarm on this transaction.

The company plans to significantly increase its