Fresh From Farm raises USD 2 million in pre Series A

Fresh From Farm, a B2B2C platform for consolidating fresh fruit demand, has raised USD 2 million in a Pre-Series A round with participation from Inflection Point Ventures, the company said in a media release.

The allocated funds will be utilised for team expansion, tech enhancement, and to introduce new product lines. This collectively aligns with Fresh From Farm’s growth strategy, positioning them for continued success and expansion in the marketplace.

Fresh From Farm's diverse stock keeping unit basket encompasses over 15 premium products, delivered directly to the retailers’ doorsteps each morning.

Fresh From Farm operates at an impressive scale, with an annual recurring revenue of Rs 40 crore. Anchored by a state-of-the-art facility spanning 20,000 square feet in New Delhi, the company leverages cutting-edge technology to uphold quality standards and meet market demand effectively.

The firm has been able to deliver a partial exit to its early investors with over 400 per cent returns, as per the media release.

Rohit Nagdewani, founder of the company said, “Our vision of becoming India’s largest Fresh Fruits company aligns with our efforts to expand aggressively in New Delhi/ NCR. While currently delivering at over 300 locations every day, our key focus at wastage reduction and efficient demand consolidation have allowed for our retailer partners to earn an average of 29 per cent more than working through traditional channels. On the growth front, we are aiming to touch Rs 100 crore ARR by the end of this calendar year.”