India Digest: FreshToHome raises $20m; Smartworks eyes funding

Photo: Mint

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.

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.