Thursday, September 29, 2022
HomeInsightFunding Alert Freshsharp raises $125K in Seed Funding

[Funding alert] Freshsharp raises $125K in Seed Funding

Freshsharp, a startup that delivers fresh meat-based in Bihar, has raised $125,000 in seed money. They received capital in the form of shares from main investor "Ok Acquired" lending partners, a provider of corporate lending finance services, and angel investors Syed Akbar Raza Ahmed and Hussain Ahmad, according to Business World.
Majaz Hassan, founder of Freshsharp

Freshsharp, a startup that delivers fresh meat-based in Bihar, has raised $125,000 in seed money. They received capital in the form of shares from main investor “Ok Acquired” lending partners, a provider of corporate lending finance services, and angel investors Syed Akbar Raza Ahmed and Hussain Ahmad, according to Business World.

The company said in a statement that the money will be utilised to meet the growing commercial demands of established companies in the food industry by offering them financial and technological support to advance their operations and promote growth.

Read also – [Funding alert] Math-Learning Platform Bhanzu raises $15 mn in Series A funding

It claims to have served customers in Darbhanga, Patna, and Kolkata and to have grown by 200%. In order to obtain meat and seafood, keep it fresh, and deliver it within hours of an order, the business has established a supply chain network spanning numerous Indian cities.

Freshsharp was founded by Majaz Hassan in December 2020 and was registered in 2021.

“We will use the funds raised to strengthen our ecosystem to meet the necessities of small and traditional vendors, dealers/distributors, farmer communities, processors and retailers. This will further boost disbursements, given the various opportunities that we have at present”, Majaz Hassan, CEO & founder, said.

Freshsharp is incubated by SABAGRI Agri-Business under the RKVY RAFTAR scheme under the Ministry of Agriculture and Farmer Welfare (MOAFW) led by the Bihar Agriculture University Bhagalpur and BIT Patna.

Commenting on the investment, Sujit Jha, Managing Director & CEO – Ok Acquired, said, “We are delighted to support Freshsharp in its growth journey of empowering small businesses in the meat value chain. Freshsharp plays a significant role in providing new market avenues as well as payment assurance to the suppliers in the meat ecosystem. Their platform provides strength to the local ecosystem players helping them to grow the business without affecting their margins thus creating a positive impact.”

Read also – [Funding alert] Esmito raises INR 10 Cr in Seed Funding

About Freshsharp

FreshSharp is an online brand focusing on fresh meat products. Their basic aim is to ensure that all the products is reaching the end consumer is fresh.

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