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Freshsharp raises $125K in seed fund from Ok Acquired and Others
Monday, 26 September, 2022, 13 : 00 PM [IST]
Our Bureau, New Delhi
Freshsharp, a Bihar-based start-up that sells fresh meat, seafood and other fresh animal protein online has raised seed fund of $125k through equity from lead investor Ok Acquired (lending partners by a corporate lending financial services company), and angel investors Syed Akbar Raza Ahmed and Hussain Ahmad.
With this new round of seed funding, the current valuation of Freshsharp now stands at $1 million. The brand aims to utilise the fresh funds for financial and technological assistance to elevate their businesses and enhance growth.
Founded by a 22-year-old founder in December 2020, Freshsharp strengthens 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.”
He added, “We are also dealing with the B2B segment, and have done numerous partnerships with restaurants, hotels, cloud kitchen, 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.”
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