Online meat delivery brand Freshsharp raises Rs 1 crore in funding

• ByStartupStory     |    September 24, 2022

Freshsharp, a Bihar-based company, has raisedd $125,000 (roughly Rs 1 crore) in equity-based initial investment from lead investor Ok Acquired and angel investors Syed Akbar Raza Ahmed and Hussain Ahmed. The company delivers fresh meat, fish, and other fresh animal proteins online. Freshsharp is now valued at $1 million after receiving the startup money. 

The company intends to use the new money for financial and technical help in order to expand its operations. 

Freshsharp Private Limited, founded by 22-year-old Mazaz Hassan in December 2020, bolstered existing enterprises and started growing into Bihar and West Bengal in 2022. Mazaz Hasan is studying for his bachelor’s degree at the University of Engineering and Management in Kolkata.

Speaking about the fundraiser, Mazaz Hassan, CEO, and Founder, of Freshsharp, said, “Freshsharp continually strives to enable the best of its services through supply chain, technology and services for the betterment of farming communities and traditional businesses. We will use this funding to strengthen our ecosystem to meet the needs of small and traditional vendors, dealers/distributors, farming communities, processors and retailers. This will give a further impetus to disbursements considering the various opportunities that we currently have. We are extremely humbled and grateful for the trust of our investors and for their continued support in our growth.” He added, “We are also working with the B2B segment, and have entered into several partnerships with restaurants, hotels, cloud kitchens and institutions.”

The company has provided services to customers in Darbhanga, Patna, and Kolkata since its beginning in 2020, claiming a 200 percent expansion. The business has constructed a supply chain network spanning many Indian cities to purchase meat and seafood, maintain their freshness, and deliver orders within hours. It is one of the increasing numbers of meat and seafood companies that are performing well. FreshSharp is supported by a formidable team, comprised of Shubham Bhagat, Mohammad Amanullah, and others, with expertise in supply chain and technology.

Commenting on the investment, Sujit Jha, Managing Director and CEO, Ok Acquired, said, “We are delighted to support FreshSharp in its growth journey of empowering small businesses across the meat value chain. As well as providing payment assurance, their platform helps the players of the local ecosystem to grow the business without impacting their margins thereby creating a positive impact. We continue our journey in their Looking forward to continuing the partnership.”

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