E-commerce platform FreshToHome has raised $121 million (approximately Rs 891.5 crore) in a Series C funding round.
The round was led by Investment Corporation of Dubai (ICD), Investcorp, Ascent Capital, the US government’s development finance institution – DFC, the Allana Group and other investors.
Iron Pillar, the lead investor from Series B, participated in this round with a significant investment of $19 million.
The company said that the capital will support fast-paced expansion of the brand in India and the Middle East.
FreshToHome said it sees approximately 15 lakh B2C (business-to-customer) orders per month and Rs 600 crore annualised sales run rate on the platform.
