Exclusive: Urban Harvest board to approve Rs 341 Cr Series D round from 58 investors

retained text

B2B food-tech startup Urban Harvest is set to raise Rs 341.4 crore or $35.9 million in a Series D round led by Info Edge, with participation from Sandeep Kapadia, J & A Partners, and several other investors.
The board at Urban Harvest will consider approving the issuance of 42,013 Series D compulsorily convertible preference shares (CCPS) at an issue price of Rs 81,260 each to raise the capital, according to its regulatory filings reviewed by Entrackr.
The round will be led by Info Edge, with an investment of Rs 30 crore, followed by Sandeep Kapadia and J & A Partners, which will invest Rs 27 crore and Rs 25 crore, respectively. Renu Sehgal Trust and Lc Nueva Advisors will contribute Rs 20.01 crore each.
Other notable investors include Saburi Projects LLP at Rs 15 crore, Madhuri Madhusudan Kela at Rs 13.09 crore, and Viral Amal Parikh at Rs 11.56 crore. Gauri Khan Family Trust, will also participate with Rs 5.01 crore. Several other individual and institutional investors will contribute the remaining capital, taking the total number of investors in the round to 58.
As per Entrackr’s estimates, Urban Harvest will be valued at around Rs 1,541 crore or $162 million following the Series D round. The company plans to use the fresh proceeds to fund its business expansion and growth, meet working capital requirements, support marketing initiatives, and for general corporate purposes.
Founded in 2019, Urban Harvest is a B2B food-tech platform that supplies fresh produce, food ingredients, and automated coffee machines to restaurants and cloud kitchens. The company operates a quick-commerce model focused on the HoReCa segment and currently serves around 16,000 restaurants every month across multiple cities.
Urban Harvest operates five dark warehouses across four cities and plans to add five more as it expands into new markets. The company also owns packaged water brand Hello Fresh and acquired gourmet food brand Cocosutra for Rs 2.5 crore in an all-cash deal.
Following the allotment of the Series D round, Info Edge will hold an 18.83% stake, followed by Sandeep Kapadia at 5.01%, Madhuri Madhusudan Kela at 4.25%, Viral Amal Parikh at 3.75%, and J & A Partners at 3.12%.
Mint had earlier reported that Urban Urban Harvest in talks to raise Rs 300 crore
According to the report, Urban Harvest’s revenue surged to Rs 385 crore in FY26 from Rs 118 crore in FY25, while it posted a profit of Rs 3.5 crore, compared to a loss of Rs 35 lakh in the previous fiscal year.

document fetched 2026-07-24 08:15