Hapar Group News Today

D2C greengrocer Fraazo raises $50 million from WestBridge, others Mumbai: Fraazo, a direct-to-consumer (D2C) brand in the fresh vegetables and fruits category, has raised $50 million in a funding round led by WestBridge Capital, in a sign of increased competition in the space. Existing investors Sixth Sense Ventures, Equanimity Investments, Apar Group participated in the

MPFunds, a Singapore-based funded trader programme, has announced raising S$1.5 million (about $1.1 million) in its pre-Seed funding round.

Fraazo has completely shut its operations in the Delhi-NCR region last weekend and is likely to shut more stores in Bengaluru and Hyderabad

The fund will majorly focus on startups operating in segments—mobility, electric vehicles, artificial intelligence and blockchain.

Biedronka has opened 6 new stores ahead of Christmas

Online vegetable and fruit seller is unlocking one dark store every eight hours, claiming that the move will enable them to offer farm fresh groceries in under 12 hours.

This festive week, the Indian startup ecosystem only attracted $667.5 million through 26 deals. The capital is about half of what Indian startups raised last week.

Fraazo has raised $50 million in its latest round of funding from WestBridge Capital alongside existing investors Apar Group, Equanimity Investments, Sixth Sense Ventures.