Fish and meat startup FreshR raises $1.2 million in new funding round

Fish and meat distribution startup FreshR has raised $1.2 million (Rs 9.33 crore) in a funding round led by Axilor Ventures and 1crowd, a statement said on Thursday.

FreshR would use the new funding to grow and expand its geographic footprint, develop and implement its technology stack as well as grow its team.

“Building India’s Largest Fish and Meat Distribution Company – FreshR recently announced that it has raised $1.2 million in funding led by Axilor Ventures and 1crowd,” the statement read.

FreshR, founded by Ambika Satapathy and Sadananda Satapathy, previously raised a pre-seed round from Villgro, Upaya Social Ventures, Beyond Capital Fund and other early-stage backers.

“The company also launched an app earlier this year which is a one-of-a-kind resource used to standardize industry prices and qualities and allows wholesale buyers across India to place orders and track processes. quality,” the company says. said.

Since its inception, FreshR has grown, marketed, processed and distributed highly perishable meat products in some of the remotest regions of Odisha, Andhra Pradesh and Chhattisgarh.

Commenting on the fundraising, Ambika Satapathy, co-founder of FreshR, said, “Our vision is to organize the domestic market by using technology to meet this fragmented demand and investing in world-class infrastructure to manage the supply and distribution throughout India.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Previous 13 poachers arrested after catching hundreds of whitefish
Next An exceptional show for fish farmers