FreshToHome Raises Rs 75 Crore in Debt Round

Bengaluru-based meat and seafood delivery startup FreshToHome has successfully secured Rs 75 crore, equivalent to $8.5 million, from Trifecta Venture through a debt round. The board of FreshToHome has approved the issuance of 750 non-convertible debentures (NCDs) to Trifecta Venture, each with a face value of Rs 10 lakh, to generate the total amount of Rs 75 crore as per filings retrieved from the Registrar of Companies (RoC). The funds will be directed towards fulfilling the company’s working capital needs and other general corporate purposes.

About FreshToHome

Established in 2015 by Shan Kadavil and Matthew Joseph, FreshToHome operates in approximately 160 cities across India and has expanded its reach to key markets within the UAE. In February of the previous year, the company ventured into the quick commerce sector, committing to delivery times of 10 to 15 minutes.

Funding Details

As reported by a leading startup data intelligence platform, FreshToHome has successfully raised over $320 million in equity funding to date. In its latest funding round, the company received $104 million in Series D financing, predominantly backed by Amazon Smbhav Venture Fund. This round also saw contributions from E20 Investment Ltd, Mount Judi Ventures, and Dallah Albaraka.

Financial Performance

According to filings with the Indian Registrar of Companies (RoC), FreshToHome experienced a year-on-year revenue decline of 12.3%, bringing its operational revenue down to Rs 369.55 crore in FY25, compared to Rs 421.33 crore in FY24. During the same timeframe, the company was able to reduce its net loss by 2.3% to Rs 146.32 crore, down from Rs 149.73 crore the previous year.