Exclusive: D2C Fresh Produce Delivery Startup Fraazo To Raise $28 Mn From WestBridge, Sixth Sense
India, Oct. 6 -- Direct-to-consumer (D2C) fresh food startup Fraazo is raising INR 210.9 Cr (approx $28.2 Mn) in a fresh round of funding.
As per the company's filings accessed by Inc42, the startup is receiving fresh investment from WestBridge, Sixth Sense Ventures, Exponentially I Mobility LLP among others.
The round of investment will be led by WestBridge as it will be pumping in INR 191 Cr for 98 equity shares and 11,18,068 Series B compulsory convertible preference shares. The startup's existing investor Sixth Sense will be investing INR 5 Cr.
As per the filings, the startup will utilise the funds for expanding its business operations and to augment funds for long term financial resources.
The investment comes months after Fraazo...
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