The startup, which also counts the development arm of the American government among its backers, has stated that it plans to use the new funding to bolster its product offerings and expand into new markets. The company is also said to be exploring partnerships with technology giants in order to reach a wider audience. With this latest round of funding, Amazon joins other heavyweight investors including TCS Ventures, SAIF Partners and Blume Ventures in supporting Bengaluru-based developer startup.
FreshToHome is revolutionizing the home furnishings industry with its unique and innovative product line. The company has raised over $250 million in funding from top tier investors, and this latest round will help it continue to grow and expand its product offerings.
Founded in 2015, FreshToHome is one of the largest players battling for a slice of the $100 billion Indian fish and meat market. Most Indians are not vegetarians, but the current market is run on an age-old system where meat dominates as a cuisine choice. FreshToHome has developed innovative vegetarian products that appeal to consumers looking for change. The company’s founders believe that vegetarianism should be more prevalently available as an option, and they are dedicated to providing quality vegetarian options at affordable prices.
With FreshToHome, consumers can have confidence in the quality and freshness of their meats and fish while benefiting from efficient sourcing as well as delivery times. The platform provides a one-stop-shop for all your meat and fish needs, no matter how big or small. With careful processing and strict delivery criteria, FreshToHome ensures that you’re getting the highest quality produce possible without any hassles.
Delhi’s fish markets are a pulsating hive of activity on Monday morning, as traders and consumers alike jostle for the best deals. Fast forward to Tuesday morning, and those same markets will be virtually deserted – the fish have long been delivered to buyers in Dubai. This remarkable delivery timeline is thanks to India’s strong transport infrastructure – as well as Delhi’s status as one of the country’s busiest cities. Indeed, thanks to efficient supply chains and careful planning by both businesses and consumers, Monday deliveries are increasingly becoming a thing
Many startups in the $100 billion Indian meat market are struggling to establish trust with their customers, who demand complete transparency when it comes to buying meat. The wet market, which accounts for the lion’s share of all meat and fish sale in India, offers customers the ability to inspect each item before making a purchase. This high level of scrutiny is something that many startups in the market struggle to overcome, as they strive for customer loyalty and long-term business growth.
FreshToHome has carved out a distinct and competitive moat in the home furnishings market by focusing on three core pillars: timely deliveries, customization options, and customer service. By delivering items right to consumers’ homes within a couple of days, FreshToHome has managed to create an enviable edge over its competitors. Moreover, the company’s customizable options allow customers to personalize their furniture exactly the way they want it, while its reliable customer service ensures that any issues are resolved quickly and efficiently. The result is a formidable player in an overly crowded market
FreshToHome is an online marketplace that specializes in selling fresh seafood to grocery stores and restaurants. The company was founded by Kadavil and his co-founder, a fish exporter, who has operated in this space for more than 30 years. It is a very difficult grassroots level change that FreshToHome has to enact in order to succeed; the business is not just about technology, but also people and relationships.
Kadavil is looking to conquer the grocery space by convincing fishermen and poultry farmers to do away with cash. This trust-factor and competitive moat will be key in ensuring their success.
The startup FreshToHome today announced that it has expanded its presence by over 100% in the past year. FreshToHome sells certified fresh and chemical-free products to fishers and farmers in over 160 cities in India and the UAE. The startup has plans to expand even further into new markets, including North America and South Korea. With its growing success, FreshTo Home is poised to become a leading player in the Indian marketplaces for fresh produce.
Ironically, FreshToHome may have gotten the physical retail push it needed from Amazon. The online retailer has been expanding its brick-and-mortar presence at a rapid clip, with plans to open up over 1,000 stores by 2021. With Amazon handling the bulk of FreshToHome’s sales and traffic, having more physical stores allows the startup to tap into shoppers that may not be drawn in by an online only experience. Additionally, by operating standalone locations rather than leasing space from third parties, FreshToHome can keep expenses low and ensure higher foot traffic due to the customer experience being tailored specifically for each store.
Amazon’s retreat from business lines in India may be due to its sluggish global market conditions, which have caused declines in the company’s stock prices. The American giant has concentrated on expanding its logistics infrastructure and increasing its delivery time to customers in the countries where it operates. Nonetheless, this strategy may not be profitable enough for Amazon as global demand for goods diminishes.
When Amazon announced its investment in FreshToHome, many speculated that the company may be conceding the meat and fish market to the startup for the time being. Kadavil insists that this is not the case, however, insisting that Amazon’s investment is purely financial in nature and not strategic. Regardless of whether or not this is true, FreshToHome’s growth trajectory suggests that it could soon become a major player in this space.
The Amazon Smbhav Venture Fund is investing in companies that will change the way we do business, and empower the next generation of technology-enabled founders. This fund has already invested in companies such as Deliveroo and Flipkart, and is looking for startups that have an innovative idea that can revolutionize their industry. This fund is dedicated to helping these companies reach their full potential, and give them the funding they need to grow into successful businesses.
The FreshToHome management team is extremely competent in technology and supply chain management. They have developed a robust infrastructure that supports both customers as well as farmers and fishers. We are excited to be partnering with them for the next phase of their growth.