FreshToHome to raise Rs 75 Cr in debt funding

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Bengaluru-based meat and seafood delivery startup FreshToHome is raising Rs 75 crore or $8.5 million from Trifecta Venture in a debt round.

FreshToHome’s board has approved the issuance of 750 non-convertible debentures (NCDs) to Trifecta Venture at a face value of Rs 10 lakh each, to raise a total of Rs 75 crore, according to filings sourced from the Registrar of Companies (RoC
The proceeds will be utilised to meet the company’s working capital requirements and for general corporate purposes.

Founded in 2015 by Shan Kadavil and Matthew Joseph,…



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FreshToHome to raise Rs 75 Cr in debt funding


Bengaluru-based meat and seafood delivery startup FreshToHome is raising Rs 75 crore or $8.5 million from Trifecta Venture in a debt round.

FreshToHome’s board has approved the issuance of 750 non-convertible debentures (NCDs) to Trifecta Venture at a face value of Rs 10 lakh each, to raise a total of Rs 75 crore, according to filings sourced from the Registrar of Companies (RoC
The proceeds will be utilised to meet the company’s working capital requirements and for general corporate purposes.

Founded in 2015 by Shan Kadavil and Matthew Joseph,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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