Frshly, an automated retail marketplace that serves hot and fresh food, is planning to raise $5 million to $7 million to help expand its domestic and global foot print.
“Till now, we had raised $5 million for domestic operations,” said Satish Chamyvelumani, founder and CEO, Frshly. “The next round of funding, of $5 million to $7 million, will be used for domestic and global expansion.”
In India, Frshly has outlets in railway stations, airports, IT parks, corporate hubs and hospitals. It plans to open outlets in public places, malls and theatres.
“Currently, we have 16 outlets and this will increase to 400 [which will come through our alliances] with multiple leading restaurants. Over the next 2-3 years, we would like to have 1,500 outlets in multiple countries, of which 500 [would be] in India.”
To tap the tourist market, Frshly has tied up with Travel Food Services and Indian Railways’ IRCTC.
Gaurav Dewan, COO and business head, TFS – Travel Food Services said, “TFS and Frshly are natural partners, we have a common agenda of transforming travel experience and be ahead of the curve on innovation, speed of service, quality of experience and the relevance of offer.”
