India Digest: Freshtohome, Zomato in separate fundraising talks

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Freshtohome is in discussions to raise $80-100 million in fresh funding amid growing demand for its products. Separately, Zomato is in talks to raise about $150 million from four new risk investors as part of its ongoing $600 million financing round.

Freshtohome in talks to raise $100m in funding

Freshtohome, an online seller of fresh fish and meat, is in discussions to raise $80-100 million in fresh funding amid growing demand for its products.

The financing may see participation from existing investors Ascent Capital, Das Capital, Al-Nasser Holdings, and Iron Pillar, apart from new investors from the Middle East, Entrackr reported. The funding will give the Bengaluru-based startup firepower to fend off competition from meat-selling platforms Licious and BigBasket.

In June, US International Development Finance Corporation had committed $20 million in equity to help Freshtohome deliver high-quality, affordable fish, meat, and produce to homes across India. Last August, the startup raised $20 million from Iron Pillar and Joe Hirao, founder at ZIGExn, Japan.

Four new investors may inject $150m in Zomato

Indian food ordering and delivery company Zomato is in talks to raise about $150 million from four new risk investors as part of its ongoing $600 million financing round.

The investors it is talking to include Hong Kong-based hedge fund Steadview Capital, South Korean Mirae Asset-Naver Asia Growth Fund, US hedge fund Luxor Capital and private equity firm Bow Wave Capital, The Economic Times reported. If these four new investors come through, Zomato would have racked up almost $575 million in the current round.

Last month, Zomato had mopped up about $102 million (Rs760 crore) from US investment firm Tiger Global Management. Prior to that, it had raised $62 million (Rs456 crore) from Singapore’s state investment arm Temasek Holdings

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.