Freshsharp, Bihar-based online meat, and seafood delivery platform has raised $125K in series seed round funding led by Ok Acquired in participation with angel investors Syed Akbar Raza and Hussain Ahmad.
“The startup plans to use the raised for financial and technological assistance to elevate its businesses and enhance growth,” the statement said.
Speaking on the fundraise, Majaz Hassan, CEO & Founder of Freshsharp 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,” Hassan added.
Commenting on the investment in Freshsharp, Sujit Jha, Managing Director & CEO of 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. 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 we aim to leverage the farmers along with delivering the quality product to customers,” Hussain Ahmed, Angel Investor said.
Further adding to the investment round, Akbar Raza Ahmed, Angel Investor has said, “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. The investment fits very well with Freshsharp and backing solid founders in this space.”