Exclusive: FreshToHome to raise Rs 75 Cr in debt funding

Bengaluru-based meat and seafood delivery startup FreshToHome is raising Rs 75 crore or $8.5 million from Trifecta Venture in a debt round.

FreshToHome’s board has approved the issuance of 750 non-convertible debentures (NCDs) to Trifecta Venture at a face value of Rs 10 lakh each, to raise a total of Rs 75 crore, according to filings sourced from the Registrar of Companies (RoC
The proceeds will be utilised to meet the company’s working capital requirements and for general corporate purposes.

Founded in 2015 by Shan Kadavil and Matthew Joseph, FreshToHome operates across around 160 cities in India and has a presence in key markets in the UAE. In February last year, the company entered the quick commerce space, offering deliveries within 10–15 minutes.

According to startup data intelligence platform TheKredible, the firm has raised over $320 millions in equity to date. In the last round, FreshToHome raised $104 million in its Series D funding, led by Amazon Smbhav Venture Fund. The round also saw participation from E20 Investment Ltd, Mount Judi Ventures, and Dallah Albaraka.

As per Indian entity filings with the Registrar of Companies (RoC), FreshToHome reported a 14% year-on-year growth in revenue from operations, which increased to Rs 421.33 crore in FY25 from Rs 369.55 crore in FY24. During the same period, the company narrowed its net loss by 2.3% to Rs 146.32 crore, from Rs 149.73 crore a year earlier.