Hyderabad-based premium fresh fruit brand, Fruitoholic, has announced a substantial INR 24 Crore funding round, comprising both equity and debt, with notable investors at the helm.
Right Road Ventures, KFC CXOs, HDFC Ltd, Essar CFO, and other influential corporate professionals have contributed to this significant financial boost.
Established three years ago, Fruitoholic has rapidly ascended to become a leading player in the fresh fruit category, boasting a commendable track record of generating over INR 75 Crores in revenues and serving more than two lakh consumers.
The brand has garnered widespread recognition for its commitment to delivering top-quality products and ensuring customer satisfaction.
With a staggering monthly order volume of 30,000, Fruitoholic has witnessed exponential growth, consolidating its position as a preferred choice among consumers. While maintaining its stronghold in Hyderabad, the brand is now poised for expansion into new markets.
While the recent funding will undoubtedly fuel the company’s growth trajectory, Fruitoholic has already set its sights on broader horizons.
Alongside consolidating its presence in existing markets, the brand aims to venture into Bangalore and Chennai this year, capitalizing on its proven success and leveraging the growing demand for premium fresh fruits.
Moreover, Fruitoholic is set to introduce a range of new products, further diversifying its offerings and catering to evolving consumer preferences.
With this latest injection of capital and strategic vision, Fruitoholic is primed to revolutionize the fresh fruit market, offering consumers unparalleled quality and an unparalleled experience.
