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