Bangalore-based e-commerce startup FreshToHome announced that it has raised $20 million in a Series B funding round from Iron Pillar and Joe Hirao, founder of ZIGExn, Japan. In a separate development, co-working firm Smartworks is looking to raise $35-40 million to expand its operation.
FreshToHome raises $20m from investors
Bangalore-based e-commerce startup FreshToHome announced that it has raised $20 million in a Series B funding round from Iron Pillar and Joe Hirao, founder at ZIGExn, Japan.
The company plans to use the capital raised to expand its operations within India besides the overseas market, especially the UAE.
FreshToHome is an internet-based fish and meat grocer in India that operates in nine cities in India. It recently launched its operation in Bangalore and Chennai.
The company made headlines when it raised as much as $11 million in May, a round that was led by CE-Ventures, the corporate venture capital arm of Crescent Enterprises, a UAE-based conglomerate.
Co-working firm Smartworks plans to raise $35m
The three-year-old Noida-based shared office space provider Smartworks plans to raise $35-40 million to expand its operations, according to a report by PTI.
The funding will be a mix of debt and equity, the report added quoting a top company executive.
Smartworks plans to increase the portfolio to 5 million sqft by the end of this financial year from the current level of 2.8 million sqft and plans to roll out its operation in small towns.
Currently, the company is present in as many as nine cities that include Mumbai, Hyderabad, Bengaluru and Pune, among others, apart from its headquarters Delhi-NCR.