Fruitoholic Raises INR 25 Crores in Fundraising Round Led by RightRoad Ventures
Fruitoholic Funding News: Fruitoholic, the renowned fresh fruit brand, has successfully raised a total of INR 25 Crores in a recent fundraising round comprising both equity and debt financing. This milestone marks a significant step forward for the company as it continues its journey towards expansion and growth in the market.
The seed round investment, which contributed to the overall fundraising amount, was led by prominent industry leaders including CXOs of KFC, investment bankers, and other senior corporate professionals. Additionally, public institutions also participated in the fundraiser, demonstrating widespread support and confidence in Fruitoholic’s vision and potential.
Notably, the last round of fundraising was spearheaded by RightRoad Ventures, reaffirming their commitment to Fruitoholic’s growth trajectory. The investment will primarily fuel the brand’s expansion plans, facilitating its entry into two new cities while bolstering its presence in existing markets.
Fruitoholic, founded in 2021, has quickly emerged as a top-rated brand in the fresh fruit category, garnering widespread acclaim for its quality products and customer-centric approach. With an impressive track record of generating close to 30,000 orders every month, the company has witnessed exponential growth, recording a staggering INR 65 Crores in revenue over the past three years.
Furthermore, Fruitoholic’s remarkable achievement extends beyond revenue generation, as it has also achieved profitability, underscoring its sustainable business model and strategic operational capabilities.
Commenting on the successful fundraising round, the founders expressed gratitude towards investors and stakeholders for their unwavering support. They remarked, “We are thrilled to have received such overwhelming support from investors who share our vision for Fruitoholic. This funding will enable us to accelerate our expansion plans and further enhance our product offerings, thereby solidifying our position as a market leader in the fresh fruit segment.”
As Fruitoholic embarks on its next phase of growth, the company remains committed to delivering exceptional value to its customers while staying true to its mission of promoting health and wellness through the consumption of fresh and nutritious fruits.
In conclusion, Fruitoholic’s successful fundraising round signifies a major milestone in its journey towards becoming a household name in the food and beverage industry. With robust financial backing and a proven track record of success, the company is well-positioned to capitalize on emerging opportunities and drive continued growth in the market.
Fruitoholic looks to expand to Bangalore and Chennai this year along with launching a string of new products!
