Category: mark pincus

May 27, 2019 Off

India’s FreshToHome raises $11 million to expand its fish, meat, and vegetable e-commerce platform

By Jill T Frey

Shan Kadavil, who spent early days of his career managing tech support firm Support and then heading India operations of gaming firm Zynga, says he had a calling of sorts when his son was born. Kadavil realized that much of the meat that sells in India is not exactly healthy. The perishables are loaded with chemicals to superficially extend their life by six months, if not more. He wanted to do something better.

Fast forward four years, Kadavil said today that FreshToHome, his new e-commerce startup that delivers “100 percent” pure and fresh fish, chicken, and other kinds of meat, has raised $11 million in Series A funding. The startup has raised $13 million to date.

The round was led by CE Ventures, with participation from Das Capital, Kortschak Investments, TTCER Partners, Al-Nasser Holdings, M&S Partners and other Asia and Valley based Investors. Some of the backers of FreshToHome … Read the rest

May 20, 2019 Off

In-car commerce startup Cargo extends Uber partnership to Brazil

By Jill T Frey

Cargo, the startup that brings the convenience store into ride-hailing vehicles, is making its first international expansion through an exclusive partnership with Uber in Brazil.

Uber drivers in São Paulo and Rio de Janeiro will now be able to sign up for Cargo and potentially earn additional income by selling products to passengers during their ride.

Cargo, which launched in 2017, provides qualified ridesharing drivers with free boxes filled with the kinds of goods you might find in a convenience store, including snacks and phone chargers. Riders can use Cargo’s mobile web menu on their smartphones (without downloading an app) to buy what they need.

The expansion into Brazil includes a relationship with am/pm convenience stores. In Brazil, about 2,500 am/pm stores are operated and located in Ipiranga gas stations. Uber drivers that sign up with Cargo will collect their boxes of products at these stores.

The announcement is an … Read the rest