About FreshWorld
FreshWorld is a company based in Bengaluru (India) founded in 2012 by Rajiv Rao. FreshWorld has raised $2.48 million across 15 funding rounds from investors including CreedCap Asia Advisors, Ascent E Digit Solution and Splice Capital. The company has 43 employees as of April 07, 2024. FreshWorld operates in a competitive market with competitors including Swiggy, Bigbasket, Blinkit, Dunzo and Otipy, among others.
- Headquarter Bengaluru, India
- Employees 43 as on 07 Apr, 2024
- Founders Rajiv Rao
- Stage Minicorn
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Sectors
RetailAgriculture
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Phone
*********
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Website
*********
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Social
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- Legal Name Retailworx India Private Limited
- Date of Incorporation 05 Nov, 2012
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$654.85 K (USD)-5.46as on Mar 31, 2022
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Net Profit
-$240.81 K (USD)49.61as on Mar 31, 2022
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EBITDA
-$157.94 K (USD)52.04as on Mar 31, 2022
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Total Equity Funding
$2.48 M (USD)
in 15 rounds
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Latest Funding Round
$36.12 K (USD), Seed
Jun 28, 2019
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Investors
CreedCap Asia Advisors
& 115 more
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Employee Count
43
as on Apr 07, 2024
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Funding Insights of FreshWorld
FreshWorld has successfully raised a total of $2.48M across 15 strategic funding rounds. The most recent funding activity was a Seed round of $36.12 thousand completed in June 2019. 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 15
- Last Round Seed — $36,119
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First Round
First Round
(01 Jul 2013)
- Investors Count 116
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Seed - FreshWorld | Valuation | A M Sendhilraj |
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| Mar, 2019 | Amount | Seed - FreshWorld | Valuation |
investors |
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| Feb, 2019 | Amount | Seed - FreshWorld | Valuation |
investors |
Investors in FreshWorld
FreshWorld has secured backing from 116 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include CreedCap Asia Advisors, Ascent E Digit Solution and Splice Capital.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are focused on by single-office venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Angel investor network investing in early-stage startups
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Founded Year | Domain | Location |
Investments & Acquisitions by FreshWorld
Financial Statements - FreshWorld
Freshworld Comparisons
Competitors of FreshWorld
FreshWorld 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 Swiggy, Bigbasket, Blinkit, Dunzo and Otipy, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Food and grocery items are ordered via an online network.
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| domain | founded_year | HQ Location |
Personal and household products are delivered via an e-commerce platform.
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| domain | founded_year | HQ Location |
Instant delivery of groceries and essentials is facilitated online.
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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| domain | founded_year | HQ Location |
Grocery products are provided via an online digital storefront.
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| domain | founded_year | HQ Location |
Premium organic groceries and fresh produce are retailed online.
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Frequently Asked Questions about FreshWorld
FreshWorld was founded in 2012 and raised its 1st funding round 1 year after it was founded.
FreshWorld is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Rajiv Rao is the current CEO of FreshWorld. They have also founded this company.
FreshWorld is a funded company, having raised a total of $2.48M across 15 funding rounds to date. The company's 1st funding round was a Seed of $280.6K, raised on Jul 01, 2013.
As of Apr 07, 2024, the latest employee count at FreshWorld is 43.
Annual revenue of FreshWorld is $654.85K as on Mar 31, 2022.
FreshWorld sells farm-fresh fruits and vegetables (FnV) with a street vending model using electric carts. Operates over 20 customised and battery operated vehicles which are equipped with tablet, printer and communication technologies to provide receipt, track inventory and analyse data to understand customer purchase behaviour. Aims to reduce costs by procuring directly from the farmersaggregators and being the sole intermediary between farmer and consumer. Partnered with chat platform, Lookup, to enable customers to order FnV through the Lookup mobile app by sending a message. Operating in 12 regions in Bangalore and claims to be selling over 200 kgs of fruits and veggies per cart every day as of Feb 2015. Raised undisclosed amount of funding in Feb 2015 from Kris Gopalakrishnan, co-founder of Infosys, along with angel investor Nagaraja Prakasam who led the deal for Indian Angel Network. Plans to use the funds for scaling the retail network and tripling the number of electric carts to 60 by the end of 2015.
FreshWorld has 116 investors. Key investors include CreedCap Asia Advisors, Ascent E Digit Solution, Splice Capital, Pratithi Investments, and Hiraco Ventures.
The valuation of FreshWorld is $5.51M as of Jun 2019.