D2C meat and seafood startup FreshToHome is eyeing a Series D funding round at a post-money valuation of over $1 billion. Abu Dhabi Investment Office (ADIO) and existing investors like private equity firm Investcorp, may also participate, valuing the startup at over $1 billion, the sources said.
Freshtohome is an online grocery store that offers its customers a variety of seafood and meat. Fish, poultry, and mutton are among the products available on the website. FreshToHome claims to deliver 1.5 million direct-to-consumer orders per month and has an annualised sales run rate of $85 million. The startup, which is present in most major Indian cities and the UAE, enables its marketplace sellers to source and sell high-quality meat and fish directly from livestock farmers and fishermen.