Data Vantage | FreshToHome adds Tikehau to cap table; Vouch, Reku receive funding

3 min readMar 21, 2023

Edition #258, 21 Mar 2023


Dear Reader,

Paris-headquartered Tikehau Capital has secured a nearly 2% stake in Indian online grocery firm FreshToHome after a mix of primary and secondary transactions last week.

It invested $3.4 million directly in the company and bought out the stake previously held by Adil Allana of the Allana Group, according to DealStreetAsia — DATA VANTAGE. The capital injection is part of the Indian firm’s recently announced $104 million Series D round.

Founded in 2015, FreshToHome has received more than $200 million in equity funding so far and is currently valued at over $600 million. It reported a revenue of $13.5 million for the financial year that ended March 31, 2022, while its net loss widened to $63 million.

FreshToHome’s net cash flows


Singapore-based alternative assets marketplace Alta completed its acquisition of blockchain-based securities exchange platform Hg Exchange (HGX) last week.

Following the acquisition, which was announced in November, HGX has become a 100% subsidiary of Alta and has been rebranded as Alta Exchange.

Formerly known as Fundnel, Alta has completed more than 1,000 transactions worth $600 million since it was founded in 2016. The transactions include those for SpaceX, Grab and Gojek.

Other updates from DATA VANTAGE

Digital concierge platform Vouch received $3 million last week from a group of investors, including Forge Ventures, Lippo Group subsidiary Nusa Jaya Cipta, Genesia Ventures and Blowfish Ventures.

Singapore-based Casa Mia Coliving allotted shares worth $1.7 million last week to a group of investors. The coliving company had announced its $1.3 million seed financing in December.

Ayurveda-based healthtech startup NirogStreet received another $1.5 million from Singapore venture capital firm Jungle Ventures last week.

Indonesian crypto exchange and marketplace Reku received $560k last week as part of an $11 million Series A round announced in September. The round was led by AC Ventures, which contributed $5 million.

An entity affiliated with Indonesia’s Djarum Group has emerged as the third largest shareholder in home decor startup Dekoruma after a secondary transaction last week.

Singapore-based construction company Sysma Holdings has secured more shares in waste management company Blue Planet Environmental Solutions via the secondary market. The latter has received $40 million in equity funding so far this year.

Asian eSports and entertainment platform TechStorm received funding last week from Singapore-based cryptocurrency trading firm Altonomy Holdings.

Interested in learning more about our deals database, DATA VANTAGE? Sign up for a walkthrough with our team! Our subscribers

DealStreetAsia — Professional

Combine editorial insights with robust data & research. Subscribing to DealStreetAsia — Professional will get you -

  • Key financials, fundraising data and shareholding information for over 2,500 Asian venture-backed companies registered in Singapore and Indonesia
  • Up to 4 new research reports per month
  • Monthly and quarterly data on private funding in SE Asia, India and Greater China
  • Full access to DealStreetAsia’s premium stories and archives
  • Twice-weekly DATA VANTAGE newsletter
  • Discounts on tickets to our flagship events





DealStreetAsia is a Singapore-headquartered, subscription-driven media company, covering all deals — private equity, venture capital & M&As in Asia.