Premji Invest iD Fresh Food has raised ₹507 crore in Series D funding from NewQuest Capital Partners along with the participation of Premji Invest. With this fundraise iD Fresh Food raises ₹507 cr from NewQuest Capital iD Fresh Food and the US. The company plans to extend its presence to Singapore the company’s early investor Helion Ventures has exited with 10x returns on its investment. Kotak Mahindra Capital acted as the exclusive financial advisor to the company and Helion. The strategic fund raise is in line with the brand’s ambition to strengthen its market leadership in the fresh foods business build capacities and expand its presence across key markets in India Malaysia and other markets. iD secured $5.2 million in Series A funding from Helion Ventures in 2014 and $25 million from Premji Invest in 2017. Today said iD’s sales from e-commerce have grown by 300 per cent reflecting the massive growth opportunity that D2C promises. Amit Gupta

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