iD Fresh Food closes Rs 507 Cr in Series D round of funding

After a seven-year investment, Helion Ventures exits with a multi-bagger 10X return

iD Fresh Food has announced the closing of its Rs 507 crore Series D round of funding. In one of the largest deals in the food startup space, the round was led by NewQuest Capital Partner, Asia’s leading secondary private equity firm along with the existing investor, Premji Invest.

Bengaluru-based iD’s constant endeavour to create a fresh and healthy revolution in the fresh food space, coupled with its iconic and consumer friendly innovations, have made the company one of the most popular brands in the country and overseas.

Testimony to iD’s incredible growth story is Helion Ventures’ exit with a multi-bagger 10X return. Kotak Mahindra Capital acted as the exclusive financial advisor to the company and Helion. 

The strategic fund raise reflects the brand’s ambition to further strengthen its market leadership in the fresh foods business, foster product innovation, build capacities and expand its presence across key markets in India, the UAE, and the US. 

As part of its global expansion plans, the company plans to extend its presence to Singapore, Malaysia and other markets in the near future.