# VNF Ideas Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vnf-ideas-pvt

- Industry: Software
- Headquarters: Mumbai, India
- Website: www.fraazo.com
- Total disclosed funding: $45M
- Latest round: Series B (Oct 8, 2021)
- Investors on record: 11

## About

VNF Ideas Pvt. Ltd. is a Mumbai-based company that focuses on providing fresh food delivery solutions through its innovative platform, catering to diverse customer needs while ensuring quality and convenience.Founded in 2018 in Mumbai, India, VNF Ideas Pvt. Ltd. operates in the fresh food delivery sector, offering an extensive range of high-quality food products. The company has successfully raised a total of INR 2,619.522 mn through its Series B funding round led by WestBridge Capital Partners in October 2021, which was part of a larger INR 3.77 billion financing initiative. The founders, Aashish Krishnatre, Atul Kumar, and Vikas Dosala, have prior experience in diverse sectors, with Atul Kumar currently serving as CEO. The company has executed seven deals to date, indicating a robust engagement in the investment landscape.VNF Ideas Pvt. Ltd. specializes in delivering fresh food products, leveraging a robust platform that streamlines the ordering and delivery process. Their service model integrates advanced logistics and technology to ensure customer satisfaction. The offerings primarily cater to individuals and households seeking convenience in accessing fresh produce, with a geographic focus on major urban centers across India, thus addressing the growing demand for efficient food delivery solutions.In the most recent fiscal year 2023, VNF Ideas Pvt. Ltd. reported a revenue of INR 10,102,932.20 while incurring an EBITDA loss of INR 16,088,461.40. The revenue model encompasses a subscription service combined with direct sales, ensuring a consistent income stream as clients engage with the platform for reliable and high-quality food delivery.VNF Ideas Pvt. Ltd. plans to expand its product lineup with new offerings that cater to evolving consumer preferences in the fresh food market. The company aims to penetrate additional markets across India, leveraging recent funding to enhance its network and operational capabilities. The INR 2,619.522 mn raised during the Series B round will be instrumental in supporting these initiatives, as the company seeks to broaden its reach and improve service efficiency.

## Funding rounds

- Series B, Oct 8, 2021, $35M — WestBridge Capital Partners, Sixth Sense Ventures, Equanimity Investments, Satyadharma Investments & Trading Co. Ltd., Konark Trust, Apar Global Ventures, Ajanta LLP, Castle Investment and Industries Private Limited, Newwave Infrastructure Projects LLP
- Series A, Jul 1, 2021, $7.9M — Sixth Sense Ventures, Equanimity Investments, Satyadharma Investments & Trading Co. Ltd., Nabventures, Apar Global Ventures, Castle Investment and Industries Private Limited
- Series A, Apr 27, 2019, $2.1M — GVFL, Equanimity Investments, Satyadharma Investments & Trading Co. Ltd.

## Investors

- GVFL (https://capitalatlas.ai/funds/gvfl) — Series A
- Equanimity Investments (https://capitalatlas.ai/funds/equanimity-investments) — Series A, Series B
- Satyadharma Investments & Trading Co. Ltd. — Series A, Series B
- Sixth Sense Ventures (https://capitalatlas.ai/funds/sixth-sense-ventures) — Series A, Series B
- Nabventures (https://capitalatlas.ai/funds/nabventures) — Series A
- Apar Global Ventures — Series A, Series B
- Castle Investment and Industries Private Limited — Series A, Series B
- WestBridge Capital Partners (https://capitalatlas.ai/funds/westbridge-capital-partners) — Series B
- Konark Trust — Series B
- Ajanta LLP — Series B
- Newwave Infrastructure Projects LLP — Series B