Fresh fish and meat e-commerce platform FreshToHome has raised $104 million in Series D funding led by Amazon’s Smbhav Venture Fund, the company said in a statement.

The company plans to use the funds to enter more markets in the Gulf Cooperation Council (GCC) region, starting with Saudi Arabia, and open more offline stores, co-founder Shan Kadavil told Economic Times.

"The first use of funds is going deeper into these cities. We are looking at Saudi as a market to enter and the broader GCC,” he stated, adding about 15% of its overall revenue comes from the UAE.

The statement said that existing investors Investment Corporation of Dubai (ICD), Bahrain's Investcorp, Iron Pillar, Ascent Capital and others participated in the new round.

However, new investors joining were E20 Investment Ltd, Mount Judi Ventures and Dallah Albaraka.

In October 2020, FreshToHome closed $121 million in funding led by ICD, Investcorp and other investors.

Amazon Smbhav is the e-commerce major's venture fund dedicated to India with a corpus of $250 million. It has previously invested in content-to-commerce platform Good Glamm Group and Cashify, among others.

(Editing by Seban Scaria seban.scaria@lseg.com )