Online grocer FreshToHome in talks with several investors to secure $130-million funding, says report
Fresh fish and meat delivery e-commerce company FreshToHome is in talks with several investors including the US International Development Finance Corporation (DFC), Investcorp, Middle East Oils and Grains in order to secure $130-million funding, sources revealed.
Existing investors Ascent Capital and Iron Pillar, and new backer David Wehner, Facebook’s chief financial officer also took part. As per the public disclosures, Ascent Capital has already pumped in over $15 million, while DFC has committed approximately $20 million, Economic Times reported.
The funding round reinforces investors’ growing interest in the direct-to-home delivery segment, a business that accelerated after the COVID-19 outbreak.