About Fresh Direct Produce
Fresh Direct Produce is a company based in Vancouver (Canada) founded in 2003 by Davis Yung, Kam Chiu Lee, and Albert Lum was acquired by PNC Riverarch Capital in August 2021.. Fresh Direct Produce has completed 3 acquisitions, including Emperor Specialty Foods, Islands West Produce and Mike & Mike's Organics.
- Headquarter Vancouver, Canada
- Founders Davis Yung, Kam Chiu Lee, Albert Lum
-
Sectors
Consumer
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Latest Funding Round
-
Investors
Riverarch Equity Partners
& 1 more
-
Employee Count
Employee Count
-
Investments & Acquisitions
Emperor Specialty Foods
& 2 more
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of Fresh Direct Produce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fresh Direct Produce
Fresh Direct Produce has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Riverarch Equity Partners and HKW. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Riverarch Equity Partners is focused on private equity investments.
|
Founded Year | Domain | Location | |
|
HKW is engaged in private equity investments across specific sectors.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Fresh Direct Produce
Fresh Direct Produce has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Emperor Specialty Foods, Islands West Produce and Mike & Mike's Organics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Mike & Mike's Organics is engaged in providing organic food products.
|
2004 | ||||
|
Fruits, vegetables, and spices are processed, retailed, and distributed.
|
1993 | ||||
|
Internet first brand of mushroom and exotic fruits
|
1986 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Fresh Direct Produce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fresh Direct Produce Comparisons
Competitors of Fresh Direct Produce
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about Fresh Direct Produce
When was Fresh Direct Produce founded?
Fresh Direct Produce was founded in 2003.
Where is Fresh Direct Produce located?
Fresh Direct Produce is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Who is the current CEO of Fresh Direct Produce?
Davis Yung is the current CEO of Fresh Direct Produce. They have also founded this company.
What does Fresh Direct Produce do?
Fresh Direct Produce was established in 2003 in Vancouver, Canada, as a distributor in the produce sector. Operations focus on sourcing and supplying fruits and vegetables to retailers and businesses across the region. The supply chain is managed to ensure timely delivery of perishable goods. Co-founders Davis Yung, Kam Chiu Lee, and Albert Lum oversee strategic direction. The company maintains its headquarters in Vancouver, supporting local and regional markets.
How many acquisitions has Fresh Direct Produce made?
Fresh Direct Produce has made 3 acquisitions, including Emperor Specialty Foods, Islands West Produce, and Mike & Mike's Organics.
Who are Fresh Direct Produce's investors?
Fresh Direct Produce has 2 investors. Key investors include Riverarch Equity Partners, and HKW.