About FreshWorld
FreshWorld is a Retail company based in Bengaluru (India) founded in 2012 by Rajiv Rao. Farm-fresh fruits and vegetables are sold via tech-enabled street vending. It operates in the Retail and Agriculture sectors. 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. FreshWorld was last valued at $5.51 million in June 2019. Its chief executive, as recorded, is Rajiv Rao. Its Indian entity Retailworx India Private Limited reported revenue of ₹5.41 Cr. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Fruits and Vegetables. Its competitors include Swiggy, Bigbasket and Blinkit; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 43
- Founders Rajiv Rao
- Stage Minicorn
- SectorsRetailAgriculture
- Website freshworld.in
- Social LinkedIn X Facebook
- Legal Name Retailworx India Private Limited
- Date of Incorporation 05 Nov, 2012
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹5.41 Cr
FY 2022 · +21% YoY
- Net Loss-₹1.99 Cr
FY 2022 · -37% margin
- EBITDA-₹1.17 Cr
FY 2022 · -22% margin
- Total Equity Funding$2.48M (USD)
in 15 rounds
- Latest Funding Round$36.12K (USD), Seed
Jun 2019
- InvestorsCreedCap Asia Advisors
& 115 more
- Employee Count43
Associated legal entities of FreshWorld
FreshWorld operates through Retailworx India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Retailworx India Private Limited CIN U52390KA2012PTC066594 | Active | 05 Nov 2012 | Bangalore, Karnataka | ₹5.4 Cr | 43 | 4 | View details |
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 $2.48M
- Total Rounds 15
- Last Round Seed — $36,119
- First Round $165,548
(Jul 2013)
- Investors Count 116
Latest 10 of 15 funding rounds of FreshWorld with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2019 | $36,119 | Seed | $5.51M | A M Sendhilraj | – |
| Mar 2019 | Seed | – | – | ||
| Feb 2019 | $280,598 | Seed | – | – | |
| May 2018 | $623,398 | Seed | $4.77M | Austin Roach, Peron Roach | |
| Jan 2018 | $157,265 | Seed | $••••• | Native Angels Network, P Mayilvel | |
| Dec 2017 | Seed | – | – | ||
| Jun 2017 | Seed | – | – | ||
| Jan 2017 | Angel Round | – | – | – | |
| Aug 2016 | $298,912 | Seed | $••••• | Vivek Chanana, Ramnath Rao | |
| Mar 2016 | Seed | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 2019 | $5.51M | •••••••• |
| May 2018 | $4.77M | •••••••• |
| Jan 2018 | $••••• | •••••••• |
| Aug 2016 | $••••• | •••••••• |
| Jan 2016 | $••••• | •••••••• |
| Jan 2015 | $••••• | •••••••• |
| May 2014 | $••••• | •••••••• |
Full valuation and stage history of FreshWorld
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Verified entity values are shown only after access is granted.
Last known valuation $5.51M (Jun 2019). 116 investors in total: 21 institutional and 95 angel.
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 |
|---|---|---|---|---|
Multiple sectors are focused on by single-office venture capital firm. | venturefarmer.tcc.mode | Bengaluru, India | ||
Venture capital investments are directed toward companies in multiple sectors. | shivanandiventures.tcc.mode | Bengaluru, India | ||
Angel investor network investing in early-stage startups | iangroup.vc | Delhi, India | ||
Private investment arm of Kris Gopalakrishnan Family Office. | 2014 | pratithi.com | Bengaluru, India | |
Angel Network for India based companies | 2015 | nativeangelsnetwork.com | Madurai, India | |
Venture capital investments target agritech and various sectors. | ssautomart.tcc.mode | |||
Investments in tech startups are managed by Shead Investment Holdings. | sheadinvestmentholdings.tcc.mode | Port Louis, Mauritius | ||
Provision of venture capital and expertise in Agriculture, Education, Healthcare, and High Tech sectors in India. | 2010 | splicecapital.com | Hyderabad, India | |
Family run investment firm | 1985 | hiracoventures.com | Mumbai, India | |
Management consulting and business management services are provided. | 2013 | aedindia.com | Erode, India |
Investor details for FreshWorld
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Board of directors of Retailworx India Private Limited (FreshWorld)
Retailworx India Private Limited is the primary company behind FreshWorld. The board of Retailworx India Private Limited currently have 3 directors; the longest-serving is Shayantani Nath, appointed in 2012. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shayantani Nath DIN 06394076 | Director | 05 Nov 2012 | 13 yrs 11 mo | Retailworx India Private Limited |
| Rajivmadhavrao DIN 06394073 | Director | 05 Nov 2012 | 13 yrs 11 mo | Retailworx India Private Limited |
| Kurian Francis Manavalan DIN 06683141 | Director | 11 Sep 2013 | 13 yrs 1 mo | Retailworx India Private Limited |
People of FreshWorld
1 people are tracked at FreshWorld (1 in leadership); the tracked headcount is 43.
| Name | Role | Group |
|---|---|---|
Rajiv Rao | Co-Founder & CEO | Leadership |
Complete people profiles for FreshWorld
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Financials of FreshWorld
Figures of Retailworx India Private Limited, the primary company behind FreshWorld, for FY 2022. Revenue was ₹5.41 Cr (+21% year on year). Net loss was -₹1.99 Cr (-37% margin). EBITDA was -₹1.17 Cr (-22% margin). Revenue has grown at a compounded annual rate of -2% over three years and -3% over five years.
- ₹5.41 CrRevenue · FY 2022 · +21% YoY
- -₹1.99 CrNet loss · -37% margin
- -₹1.17 CrEBITDA · -22% margin
- ₹2.10 CrPaid-up capital
- 43Employees (provident fund records)
- -2%Revenue CAGR, 3 years
- -3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Retailworx India Private Limited are on its company page.
Detailed financial statements for FreshWorld
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of FreshWorld
4 dated milestones of FreshWorld across 7 years, from founding to its latest funding, stage changes and deals.
- Founded FreshWorld is founded.
- Funding First funding round of $166K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $36K.
Competitors of FreshWorld
FreshWorld has 3 listed competitors in our database, 3 of them funded. They include Swiggy, Bigbasket and Blinkit.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| swiggy.com | 2014 | Bengaluru, India | $3.62B | 4,953 | Food and grocery items are ordered via an online network. | |
| bigbasket.com | 2011 | Bengaluru, India | $943.07M | 22,095 | Personal and household products are delivered via an e-commerce platform. | |
| blinkit.com | 2013 | Gurugram, India | $757.52M | 5,975 | Instant delivery of groceries and essentials is facilitated online. |
Detailed competitors of FreshWorld
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Web traffic of FreshWorld
The website of FreshWorld (freshworld.in) receives about 1.2K visits a month.
- Monthly visits1.2K
▲ 1476.5% vs previous month
Websites whose visitors overlap most with FreshWorld. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
freshersworld.in | freshersworld.in | 100% | – | ||
| freshersworld.com | 71% | 153.5K | #244,601 | View details |
Top companies in Food & Grocery Retail
3 companies that operate in the same segment as FreshWorld (Food & Grocery Retail) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,488 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | 11,913 |
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Related news about Freshworld
Complete news archive for FreshWorld
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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 CEO of FreshWorld, as recorded in our data. They have also founded this company.
FreshWorld is a funded company, having raised a total of $2.48M across 15 funding rounds to date.
FreshWorld has 43 employees.
The primary company behind FreshWorld, Retailworx India Private Limited, reported revenue of ₹5.41 Cr for FY 2022, up 21% year on year.
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.
FreshWorld operates through Retailworx India Private Limited.
The legal entities of FreshWorld currently have 3 directors, including Shayantani Nath, Rajivmadhavrao, Kurian Francis Manavalan.