About Fresh Prep
Fresh Prep is a company based in Vancouver (Canada) founded in 2015 by Dhruv Sood and Husein Rahemtulla.. Fresh Prep has raised $26.91 million across 7 funding rounds from investors including Yellow Point Equity Partners, Renewal Funds and First West Capital. The company has 153 employees as of December 31, 2024. Fresh Prep has completed 2 acquisitions, including Cook it and Peko. Fresh Prep operates in a competitive market with competitors including Cook it, Chef's Plate, Goodfood, PORTA and Vegano Foods, among others.
- Headquarter Vancouver, Canada
- Employees 153 as on 31 Dec, 2024
- Founders Dhruv Sood, Husein Rahemtulla
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Sectors
HealthcareConsumer Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fresh Prep Foods Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.91 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Yellow Point Equity Partners
& 3 more
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Employee Count
153
as on Dec 31, 2024
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Investments & Acquisitions
Cook it
& 1 more
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Funding Insights of Fresh Prep
Fresh Prep has successfully raised a total of $26.91M across 7 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Last Round
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First Round
First Round
(15 Aug 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Series C - Fresh Prep | Valuation |
investors |
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| Sep, 2021 | Amount | Series B - Fresh Prep | Valuation | Yellow Point Equity Partners | |
| May, 2020 | Amount | Series A - Fresh Prep | Valuation | Renewal Funds |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fresh Prep
Fresh Prep has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Yellow Point Equity Partners, Renewal Funds and First West Capital. 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 |
|---|---|---|---|---|
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Private equity investments are made in mid-market companies.
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Founded Year | Domain | Location | |
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Renewal Funds is engaged in impact investing for sustainable change.
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Founded Year | Domain | Location | |
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First West Capital is focused on commercial banking operations.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fresh Prep
Fresh Prep has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Cook it and Peko. 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 |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Peko is engaged in delivering surplus and peculiar groceries.
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2021 | ||||
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Ready-to-eat meals are subscribed and delivered via an online platform.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fresh Prep
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fresh Prep Comparisons
Competitors of Fresh Prep
Fresh Prep operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cook it, Chef's Plate, Goodfood, PORTA and Vegano Foods, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ready-to-eat meals are subscribed and delivered via an online platform.
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| domain | founded_year | HQ Location |
Pre-portioned ingredients and recipes are delivered for home cooking.
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| domain | founded_year | HQ Location |
Recipe boxes with pre-prepped ingredients are ordered via online platform.
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| domain | founded_year | HQ Location |
Frozen Italian meals are delivered via online subscriptions.
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| domain | founded_year | HQ Location |
Plant-based meal kits are delivered via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fresh Prep
Frequently Asked Questions about Fresh Prep
When was Fresh Prep founded?
Fresh Prep was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Fresh Prep located?
Fresh Prep is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Who is the current CEO of Fresh Prep?
Dhruv Sood is the current CEO of Fresh Prep. They have also founded this company.
Is Fresh Prep a funded company?
Fresh Prep is a funded company, having raised a total of $26.91M across 7 funding rounds to date. The company's 1st funding round was a Series A of $5.02M, raised on Aug 15, 2018.
How many employees does Fresh Prep have?
As of Dec 31, 2024, the latest employee count at Fresh Prep is 153.
What does Fresh Prep do?
Fresh Prep was founded in 2015 in Vancouver, Canada, within the meal kit delivery sector. An online platform is maintained for purchasing recipe boxes that include pre-prepped ingredients and step-by-step cooking instructions. Ingredients are sourced from local suppliers, enabling meals to be prepared in under 30 minutes. Operations focus on convenient home meal solutions across Canada.
Who are the top competitors of Fresh Prep?
Fresh Prep's top competitors include Goodfood, Chef's Plate and Cook it.
How many acquisitions has Fresh Prep made?
Who are Fresh Prep's investors?
Fresh Prep has 4 investors. Key investors include Yellow Point Equity Partners, Renewal Funds, First West Capital, and SEMCAP.
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