funding 2021-10-11

F5 Raises INR 5 Cr Pre-Series A Funding Led By Auxano Capital

F5 is building a unique hyper-local ecosystem around the daily workplace needs of the consumer, market which is pegged to be of $100 billion market size

By Content Writer
F5 Raises INR 5 Cr Pre-Series A Funding Led By Auxano Capital

D2C service brand F5, which targets consumers’ daily workplace needs, on Monday announced to have raised pre-Series A funding led by Auxano Capital and other investors including Huddle, LetsVenture, Venture Catalyst.

F5 is building a unique hyper-local ecosystem around the daily workplace needs of the consumer, a market which is pegged to be of $100 billion market size. 

“The Indian consumer is becoming brand conscious, service focused and with COVID, hygiene conscious too. The existing daily workplace market is marred by product and service inefficiencies. We believe the market is massive and ripe for disruption,” said Raghav Arora, co-founder, F5.

“It was interesting to note the swiftness with which the team was able to regain the lost momentum due to lockdown as the market opened up. This displayed the energy and zeal of the founders moving one-way - upwards and the dependencies of their clients for the product. As F5 Refreshment moves forward organizing a mass unorganized workplace refreshment market, Auxano Capital is proud to be a part of this journey and is looking forward to an interesting time ahead,” shared Auxano Capital.

F5 Refreshment stands with ARR INR 8 crore with more than 10,000 daily customers. The company has seen an exponential growth of eightfold in business subscribers post-COVID. It is present in 30 live markets in 2 cities (Delhi NCR & Lucknow) with an 80 per cent retention rate, and planning to expand in all metro cities in the next 36 months. With the current use of funds, the company expects to clock INR 15 Cr ARR with 50 branded stores and expanding its portfolio to digital as well as non-digital offerings. F5 had earlier closed INR 2.8 crore raise in May 2020.

इस ख़बर को पढ़ने के लिए यहां पर क्लिक करें

Click Here To Read The Original Version Of This News In English

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • Biguine India is a one-stop destination for all your grooming..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2020
    Investment size Rs. 50lac - 1 Cr.
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Pharmacies
    A leading Retail Medical Shop with all kinds of Allopathic..
    Locations looking for expansion Chhattisgarh
    Establishment year 1970
    Franchising Launch Date 2021
    Investment size Rs. 5lac - 10lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Raipur Chhattisgarh
  • Ice Creams & Yogurt Parlors
    KHATRI BANDHU POT ICE CREAMS AND MASTANI WE ARE OFFERING FRANCHISES..
    Locations looking for expansion Maharashtra
    Establishment year 1989
    Franchising Launch Date 2011
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • Tea And Coffee Chain
    Chai Signal™ is a growing brand and a successful business..
    Locations looking for expansion Chhattisgarh
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 80
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Raipur Chhattisgarh
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads