iD Fresh Food has announced raising Rs 507 crore in a Series D funding round. It was led by NewQuest Capital Partner and existing investor Premji Invest.
Expansion plans
The funding will be used strengthen company’s market leadership, foster product innovation and also to expand its presence in India, the UAE, and the US
“In the coming years, we will expand our presence across channels and geographies” PC Musthafa, co-founder and CEO, iD Fresh Food said. The company plans to extend its presence to Singapore, Malaysia and other markets. The company is on track to achieve Rs 500 crore in revenue.
