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iD Fresh Food is planning to enter the North Indian market, starting with Delhi and Kolkata, by early next year. Currently, besides Mumbai and Hyderabad, iD Fresh Food has production units in Bengaluru, Chennai, and Dubai which serves the UAE market. The Dubai plant will also start supplying to Oman and Saudi Arabia markets by the end of this financial year.
The company is planning to use their existing manufacturing units in Hyderabad and Mumbai to cater to the markets in North India. This expansion is in line with the company’s goal to reach Rs 10 billion in revenues within the next five years.
The company is also planning to enter developed markets such as the US and UK. iD Fresh Food currently generates 75 per cent of its Rs 2.75 billion revenues from Southern states and Maharashtra while the UAE drives the rest. In 2017, the firm had raised Rs 1.5 billion from Premji Invest, and prior to this, it had raised Rs 350 million from Helion Venture Partners.