Big Ticket Deals: FreshToHome raises Rs 900 cr in Series C

FreshToHome, which sells fresh fish and meat online, on Tuesday said it has raised $ 121 million (about Rs 900 crore) in Series C funding round.

The funding was led by Investment Corporation of Dubai (ICD). Investcorp, Ascent Capital, the US International Development Finance Corporation (DFC) and Allana were also part of the funding round. Iron Pillar, the lead investor from series B round, also participated with a significant investment of $19 million, it said in a statement.

Barclays was the advisor for the transaction, it added. “COVID-19 transformed the fish and meat purchasing behaviour of consumers dramatically. Due to safety concerns, consumers made the habit-forming shift to e-commerce and we saw online demand for our products going up many folds this year thanks to the safety guarantee of 100 per cent fresh and 0 per cent chemicals,” FreshToHome co-founder and CEO Shan Kadavil said. FreshToHome enables sellers to directly source from fishermen and farmers with its patent-pending AI-powered supply chain technology and aided by a state-of-the-art cold chain.

Video creation platform InVideo has raised $15 million (approximately Rs 110.6 crore) in a Series A funding round led by Sequoia Capital India.

The round also includes participation from Tiger Global, Hummingbird, RTP Global and Base, the company said. InVideo offers video creation experience for amateurs and professionals alike. The platform combines video editing and compositing in a browser first solution to increase accessibility. InVideo said the funding will help accelerate product development and build its collaborative, cross device video creation suite.

Betterplace, which focuses on delivering blue-collar workforce management solutions, on Tuesday said it has raised $10 million (around Rs 74 crore) in a funding round led by Singapore’s Jungle Ventures.

The company, which has raised $16 million till now, serves over 1,000 enterprises which collectively employ over 20 lakh workers, Betterplace said.

B2B Retail-tech firm, Arzooo has raised $7.5 million (about Rs 55.3 crore) in a funding round led by US-based WRVI Capital. Arzooo’s existing investors, 3Lines Venture Capital, another US-based investor and Jabbar internet of UAE also participated in the Series A round, a statement said.

The startup will leverage funds for tech-upgradation and market expansion. Arzooo was founded by Khushnud Khan and Rishi Raj Rathore in 2018 and currently operates in Bengaluru, Delhi-NCR, Chennai, Kolkata and Hyderabad.

Mumbai-based fintech platform GetVantage has raised $5 million (about Rs 36.8 crore) in funding. The capital raised is a mixture of equity and debt-line and will see the company being backed by Chiratae Ventures (formerly IDG Ventures) along with Dream Incubators (Japan) and other marquee NBFCs and debt funds, a statement said.

In the next two years, it plans to expand into new markets across SE Asia, starting with Singapore. GetVantage’s fintech platform leverages an assortment of sales, marketing, and accounting data to offer between Rs 20 lakh-Rs 2 crore of non-dilutive growth capital for businesses based on current and projected (future) revenue.

Treebo Hotels has raised Rs 10 crore from a group of angel investors including Paytm Founder & CEO Vijay Shekhar Sharma, Rebel Foods Co-founder & CEO Jaydeep Barman and Mozambique Holdings MD Deepak Parayanken. This investment comes close on the heels of it raising Rs 45 crore recently from existing investors, Treebo Hotels said in a statement. Currently, Treebo Hotels has a portfolio of over 600 hotels in more than 100 cities.