Pbiv InsurTech Oscar Health Files For IPO After Losing $407 Million In 2020
As business surges amid the coronavirus, Indian eCommerce startup FreshToHome, which sells fresh fish, meat, chicken and vegetables, has pulled down $121 million in new fina stanley termoska ncing.The Investment Corporation of聽Dubai聽 ICD , which is the principal investment arm of the government of Dubai,聽helped lead the financing round, along with Investcorp, Ascent Capital, an India-focused growth capital provider, and the United States聽International Development Finance Corporation DFC .Barclays was the advisor on the transaction, which repre stanley kubek sents the largest Series C investment round in the Indian tech sector to date.Iron Pillar, which led the earlier Series B financing r stanley mug ound, chipped in $19 million.The injection of capital comes as FreshToHome expands amid rising demand, with consumers opting to order fresh meat, fish and other items online in order to avoid potential COVID-19 risks that come with shopping in crowded markets.FreshToHome said it is now fielding 1.5 million orders per month on its online platform for fresh meat, fish and produce, with $85 million in annualized revenue.Shan Kadavil, co-founder and CEO of FreshToHome, said he believes his startup is just beginning to scratch the surface of a very large market. Armed with additional capital, FreshToHome will now double down on plans to expand throughout India and the Middle East, Kadavil said in a press release.The Bangalore-based FreshToHome says it is now one of the top five e-grocers in the UAE. Due to safety concerns, cons Rrje Tienda Pago Lands Funding For Mobile, One-Week SMB Loans
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