FreshToHome raises $121 million in funding from Investment Corporation of Dubai, others

News Network
October 27, 2020

New Delhi, Oct 27: FreshToHome, an online brand in fresh fish and meat e-commerce, on Tuesday said it has raised $121 million (about Rs 890.8 crore) in funding led by Investment Corporation of Dubai, Investcorp, Ascent Capital, DFC, Allana Group and other investors.

Iron Pillar, the lead investor from the previous series B round, also participated in this round (series C) with an investment of USD 19 million, a statement said.

Barclays was the advisor for the transaction, it added.

Investment Corporation of Dubai (ICD) is the principal investment arm of the Government of Dubai, while Investcorp is a global manager of alternative investments and DFC is a US government development finance institution.

Covid-19 transformed the fish and meat purchasing behaviour of consumers dramatically and due to safety concerns, consumers made the habit-forming shift to e-commerce, FreshToHome co-founder and CEO Shan Kadavil said.

"...we saw online demand for our products going up many folds this year...We are just beginning to scratch the surface of a very large market and the current capital raise will help us realise our full potential through rapid expansion in India and the Middle East," he added.

According to a report by Euromonitor International, the consumer market size of fish and meat segment in India in 2019 was estimated to be at USD 94 billion.

FreshToHome claims to be the world's largest fully integrated online brand in fresh fish and meat e-commerce, with approximately 1.5 million B2C orders per month and USD 85 million (about Rs 600 crore) annualised sales run rate on the platform.

FreshToHome enables its marketplace sellers to source and sells high-quality meat and fish directly from livestock farmers and fishermen in most major Indian cities and the UAE.

Some of the early backers of FreshToHome include Mark Pincus (Zynga founder), David Krane (CEO of Google Ventures), Pete Briger (Chairman of Fortress), Abdul Aziz Al-Ghurair (Chairman of Mashreq Bank), Rajan Anandan of Sequoia and other renowned investors.

"DFC's first equity deal with FreshToHome demonstrates the power of our new equity tool to drive development and advance U.S. foreign policy," said US Government's DFC CEO Adam Boehler.

This project will support economic growth and strengthen agricultural supply chains in a key US partner, he added.

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News Network
January 16,2026

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Mumbai: In a shocking development, Shrikant Pangarkar, an accused in the murder of journalist-activist Gauri Lankesh and the Nalasopara arms and ammunition haul case, has won the Jalna Municipal Corporation (JMC) elections as an independent candidate.

Pangarkar emerged victorious from Ward 13 of the JMC, where he was pitted against the BJP. Notably, the Shiv Sena led by Deputy Chief Minister Eknath Shinde, which contested the Jalna civic polls independently, did not field a candidate in the ward.

Gauri Lankesh was shot dead outside her residence in Bengaluru on September 5, 2017. A prominent journalist and activist, she edited Lankesh Patrike, a Kannada weekly founded by her father P Lankesh, and later ran her own publication, Gauri Lankesh Patrike.

Pangarkar was granted bail by the Karnataka High Court on September 4, 2024, in the Lankesh murder case. Ahead of the October 2024 Assembly elections, he was inducted into the Shiv Sena and appointed chief of the party’s Jalna campaign. However, following intense criticism, then Chief Minister Eknath Shinde revoked the appointment.

A former municipal councillor in Jalna between 2001 and 2006 from the undivided Shiv Sena under late Balasaheb Thackeray, Pangarkar later became associated with right-wing organisations.

In August 2018, he was arrested by the Maharashtra Anti-Terrorism Squad (ATS) in connection with the seizure of crude bombs and weapons in Nalasopara and booked under the Explosives Act, Explosive Substances Act, and the Unlawful Activities (Prevention) Act (UAPA). He is currently out on bail in both cases.

Soon after the election results were declared, Pangarkar’s supporters celebrated his victory.

After filing his nomination, Pangarkar had said he was returning to politics after a gap and had received an encouraging response from voters. “I have worked for the people earlier and have returned again,” he said, asserting that the cases against him had no bearing on the elections. “The matter is before the court. I stand before the nyay devta. There may be misunderstandings by agencies, but the court will decide. I am 100 per cent innocent,” he maintained, adding that the Lankesh murder case was unrelated to the civic polls and pertained to Karnataka.

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News Network
January 20,2026

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KCF, a global socio-cultural organisation of Karnataka expatriates, is actively involved in education, humanitarian initiatives and community well-being across several countries. The awardees were selected following a structured evaluation of nominations by the Annual Council Program Committee, based on the depth, consistency and long-term impact of their social service.

One of the award recipients, Abdul Razak Haji, a prominent UAE-based entrepreneur from the Qamcon Group of Companies, was honoured for his significant contributions to society. Through both his professional journey and personal initiatives, he has supported numerous employees and families, while also extending assistance in education, housing for the underprivileged and various charitable causes, largely carried out quietly over the years. His award was presented earlier during the Annual Council Program held at the KCF Abu Dhabi office.

The second award was conferred on Latheef Kakkinje, a young social worker based in Abu Dhabi, in recognition of his active involvement in community engagement programmes, sports initiatives, talent festivals and family-oriented social activities. His consistent volunteering efforts and commitment to humanitarian causes were highly appreciated by the selection committee.

The award presentation ceremony for Latheef Kakkinje was held at the Zayed Cricket Stadium (Astro Turf Ground) in the presence of Kedumbady Ibrahim Saqafi, President of KCF UAE; Ibrahim, General Secretary; Kabeer Bayambady, President of KCF Abu Dhabi; Ummer Ishwaramangila, General Secretary; along with other members of the KCF Abu Dhabi cabinet.

Congratulating both awardees, KCF leaders reiterated the organisation’s commitment to recognising individuals who selflessly work for social upliftment and community service.

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coastaldigest.com news network
January 19,2026

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Bengaluru: As the dust settles on the recent legislative session, the corridors of Vidhana Soudha are buzzing with more than just policy talk. A high-stakes game of political musical chairs has begun, exposing a deepening rift within the Congress party’s Muslim leadership as a major Cabinet reshuffle looms.

With the party hierarchy signaling a "50% refresh" to gear up for the 2028 Assembly elections, the race to fill three projected Muslim ministerial berths has transformed from a strategic discussion into an all-out turf war.

The "Star Son" Spark

The internal friction turned public this week following provocative remarks by Zaid Khan, actor and son of Wakf Minister Zameer Ahmed Khan. Zaid’s claim—that his father "helped" secure a ticket for Shivajinagar MLA Rizwan Arshad in 2023—has acted as a lightning rod for resentment.

Rizwan’s camp was quick to fire back, dismissing the comment as a desperate attempt by Zameer to manufacture seniority. "Rizwan’s political pedigree was forged in the NSUI and Youth Congress long before Zameer even stepped into the party," a supporter noted, highlighting Rizwan’s tenure as an AICC secretary and his two-term presidency of the State Youth Congress.

A Tale of Two Loyalists

While both Zameer Ahmed Khan and Rizwan Arshad are staunch allies of Chief Minister Siddaramaiah and represent Bengaluru strongholds, their political DNA could not be more different:

•    Zameer Ahmed Khan: A four-time MLA who crossed over from JD(S) in 2018. Known for his "overzealous" and often polarizing outreach during communal flashpoints—from the DJ Halli riots to the recent Wakf land notice controversy—his style has frequently left the Congress high command in a state of "discomfort."

•    Rizwan Arshad: A homegrown organizational man. Seen as a "quiet performer," Arshad represents the sophisticated, moderate face of the party, preferred by those who find Zameer’s brand of politics too volatile.

The Outsiders Looking In

The bickering isn't limited to a duo. The "Beary" community, represented by leaders like N A Haris and Saleem Ahmed, is demanding its pound of flesh. Saleem Ahmed, the Chief Whip in the Legislative Council, has dropped the veil of diplomacy, openly declaring his ministerial aspirations.

"I was the only working president not included in the Cabinet last time," Saleem noted pointedly, signaling that the "loyalty quota" is no longer enough to keep the peace.

As Chief Minister Siddaramaiah prepares to finalize the list, he faces a delicate balancing act: rewarding the aggressive grassroots mobilization of Zameer’s camp without alienating the organizational stalwarts and minority sub-sects who feel increasingly sidelined by the "Chamarajpet-Shivajinagar" binary.

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