Bihar Based online Meat Delivery Brand Freshsharp raises $125K in Seed Fund
Current Round Funds take Valuation at USD 1 Million
Patna: Freshsharp, a Bihar Based startup that sells fresh meat, seafood and other fresh animal protein online, has raised a seed fund of $125k through equity from lead investor Ok Acquired (lending partners by a corporate lending financial services company), and angel Investor Syed Akbar Raza Ahmed & Hussain Ahmad.
With this new round of seed funding, the current valuation of Freshsharp now stands at $1 million. The brand aims to utilize the fresh funds for financial and technological assistance to elevate its businesses and enhance growth.
Founded by a 22-year-old founder in December 2020, Freshsharp Private Limited strengthened the traditional businesses and started expanding in 2022 in Bihar and West Bengal. Currently, Majaz Hassan is pursuing his Bachelor’s Degree from the University of Engineering & Management, Kolkata.
On securing the fund, Majaz Hassan, CEO & founder, said, “Freshsharp constantly strives to enable the best of its services through Supply chain, technology, and services for the betterment of farmer communities and traditional businesses. 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. We are very humble and thankful to our investors for their trust and are grateful to them for their unstinting backing during our growth phase.”
Majaz Added, We are also dealing with the B2B segment and have done numerous partnerships with restaurants, hotels, cloud kitchens, and institutions,
Commenting on the investment, Sujit Jha, Managing Director & CEO – Ok Acquired, affirmed, “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. We look forward to continuing our participation along their journey.”
“Due to Freshsharp’s focus on quality and strong execution, it successfully creates a habituated and loyal customer base. We believe under the leadership of Majaz, Freshsharp is best positioned to serve the fresh meat and seafood needs of India, and our aim is to leverage the farmers along with delivering the quality product to customers.” Said Hussain Ahmed (Angel Investor)
“We are very excited to partner with Majaz Hassan and the team at Freshsharp as they take their brand to national markets and continue to grow in the domestic market. Our the investment fits very well with Freshsharp and backing solid founders in this space,” said Sayed Akbar Raza Ahmed (Angel Investor)
Freshsharp was founded by MajazHasaan in 2020. Since its launch, it claims to witnessed 200% growth and has served consumers across Darbhanga, Patna and Kolkata. The startup has built a supply chain network across several Indian cities to be able to procure meat and seafood, keep them fresh and deliver them within hours of the order. It’s among a group of growing startups that is disrupting the meat and seafood category, an area that has largely been unorganized and underserved.
Freshsharp is backed by a strong team from supply chain to technology, which comprises Shubham Bhagat, Mohammad Amanullah and others.