Friday, 24 March, 2023

FreshToHome raises $121 mn, to expand operation in India, abroad

<p>FreshToHome has raised &nbsp;$121mn in Series C round. The round was led by the Investment Corporation of Dubai, Ascent Capital, US Government&rsquo;s development finance institution and the Allana Group. The funds will be used to expand to new geographies in India and abroad. As of now, it operates in Delhi, Mumbai, Pune, Bangalore, Hyderabad and claims to process about 1.5 mn orders a month from 420,000 last year. It aims to hit $200 mn in revenue by next year.</p>