Funding · Commerce & Consumer Brands
Urban Harvest to raise ₹341.4 crore in Series D funding from 58 investors
By Startup Enthusiast ·
- Date
- Company
- Urban Harvest
- What it does
- B2B food-tech platform for restaurants and cloud kitchens
- Kind
- Funding
- Amount
- Rs 341.4 Cr
- Stage
- Series D
- Founded
- 2019
What they do
Urban Harvest is a B2B food-tech platform supplying fresh produce, food ingredients, and automated coffee machines to restaurants and cloud kitchens
What happened
The company is set to raise ₹341.4 crore or $35.9 million in a Series D round led by Info Edge with participation from 58 investors
Why it matters
Urban Harvest plans to use the funds for business expansion, working capital, marketing, and general corporate purposes
The details
- Urban Harvest is preparing to raise ₹341.4 crore or $35.9 million in a Series D funding round.
- The round will be led by Info Edge, with participation from 58 investors including Sandeep Kapadia, J & A Partners, Renu Sehgal Trust, and Lc Nueva Advisors.
- The company plans to issue 42,013 Series D compulsorily convertible preference shares (CCPS) at an issue price of ₹81,260 each.
- Info Edge will invest ₹30 crore, while Sandeep Kapadia and J & A Partners will invest ₹27 crore and ₹25 crore, respectively.
- The board at Urban Harvest will consider approving the issuance of shares to raise the capital.
The bigger picture
- Urban Harvest's revenue surged to ₹385 crore in FY26 from ₹118 crore in FY25, indicating strong growth.
- The company posted a profit of ₹3.5 crore in FY26, compared to a loss of ₹35 lakh in the previous fiscal year.
- Urban Harvest operates a quick-commerce model focused on the HoReCa (hotels, restaurants, cafes) segment.
About the business
- Urban Harvest is a B2B food-tech platform that supplies fresh produce, food ingredients, and automated coffee machines to restaurants and cloud kitchens.
- The company operates a quick-commerce model focused on the HoReCa segment.
- Urban Harvest serves around 16,000 restaurants every month across multiple cities.
- The company operates five dark warehouses across four cities and plans to add five more as it expands into new markets.
- Urban Harvest also owns a packaged water brand called Hello Fresh and acquired a gourmet food brand called Cocosutra for ₹2.5 crore in an all-cash deal.
What happens next
- Urban Harvest plans to use the fresh proceeds to fund its business expansion and growth.
- The company will use the funds to meet working capital requirements and support marketing initiatives.
- Urban Harvest intends to add five more dark warehouses as it expands into new markets.
The deal
- Type
- funding
Investors
- Info Edge (lead) — A leading Indian investment firm with a focus on technology and consumer sectors.
- Sandeep Kapadia (investor) — An individual investor with a background in business and finance.
- J & A Partners (investor) — A private equity firm with investments in various sectors.
- Renu Sehgal Trust (investor) — A trust with interests in technology and consumer businesses.
- Lc Nueva Advisors (investor) — An investment advisory firm with a focus on emerging markets.
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