Team StartupCity

• FreshToHome raises Rs 75 crore in debt funding from Trifecta Venture to support working capital and business expansion
• Funds to strengthen operations and scale presence across India and key overseas markets, including the UAE
• Startup reports revenue growth and narrowing losses, as it expands quick commerce offerings and improves efficiency

Bengaluru-based meat and seafood delivery startup FreshToHome has raised Rs 75 crore, or about $8.5 million, from Trifecta Venture in a debt round to support its operational needs and business expansion. The funding comes as the company continues to scale its presence across India and overseas markets while focusing on improving efficiency and growth.

According to filings sourced from the Registrar of Companies (RoC), FreshToHome’s board has approved the issuance of 750 non-convertible debentures to Trifecta Venture. Each debenture carries a face value of Rs 10 lakh, taking the total value of the transaction to Rs 75 crore. The company said the funds will primarily be used to meet working capital requirements and for general corporate purposes, including strengthening day-to-day operations.

Founded in 2015 by entrepreneurs Shan Kadavil and Matthew Joseph, FreshToHome has built a strong brand in the fresh meat and seafood segment by offering chemical-free, preservative-free products delivered directly to consumers. Over the years, the company has expanded its footprint significantly and currently operates in around 160 cities across India. It also has a growing presence in international markets, particularly in the UAE, where demand for high-quality, traceable fresh food continues to rise.

In a bid to stay competitive in an increasingly crowded delivery landscape, FreshToHome entered the quick commerce segment in February last year. The company began offering deliveries within 10 to 15 minutes in select locations, aligning itself with changing consumer expectations around speed and convenience, while continuing to focus on quality and supply chain control.

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FreshToHome has been one of the more heavily funded players in the food and grocery space. According to startup data intelligence platform TheKredible, the company has raised more than $320 million in equity funding to date. Its most recent equity round was a $104 million Series D funding round, which was led by the Amazon Smbhav Venture Fund. Other investors in that round included E20 Investment Ltd, Mount Judi Ventures and Dallah Albaraka, reflecting strong interest from both domestic and international backers.

Financially, the company has shown steady top-line growth while working to rein in losses. As per Indian entity filings with the RoC, FreshToHome recorded a 14 per cent year-on-year increase in revenue from operations, which rose to Rs 421.33 crore in FY25 from Rs 369.55 crore in FY24. During the same period, the company also managed to marginally reduce its losses. Its net loss narrowed by 2.3 per cent to Rs 146.32 crore in FY25, compared to Rs 149.73 crore in the previous financial year.

The latest debt infusion is expected to provide FreshToHome with additional financial flexibility as it sharpens its focus on growth, operational efficiency and deeper market penetration in both India and international markets.