Urban Harvest is set to raise Rs 341.4 crore ($35.9 million) in a Series D round led by Info Edge, with participation from 58 investors including Sandeep Kapadia and J & A Partners.
The company's board will consider approving the issuance of 42,013 Series D compulsorily convertible preference shares at Rs 81,260 each, according to regulatory filings. Info Edge will invest Rs 30 crore, Sandeep Kapadia Rs 27 crore, and J & A Partners Rs 25 crore.
Renu Sehgal Trust and Lc Nueva Advisors are committing Rs 20.01 crore each. Entrackr estimates the post-round valuation at approximately Rs 1,541 crore ($162 million).
Founded in 2019, Urban Harvest operates a quick-commerce platform supplying fresh produce, food ingredients, and automated coffee machines to restaurants and cloud kitchens.
The company serves roughly 16,000 restaurants monthly across multiple cities, operating five dark warehouses with plans to add five more as it expands into new markets. It also owns packaged water brand Hello Fresh and acquired gourmet food brand Cocosutra in an all-cash deal.
The fresh capital is earmarked for business expansion, working capital, marketing, and general corporate purposes. The raise follows a sharp financial turnaround: revenue reportedly surged to Rs 385 crore in FY26 from Rs 118 crore in FY25, with the company posting a profit of Rs 3.5 crore compared to a loss of Rs 35 lakh the prior year.
For international operators and investors watching the India–Gulf corridor, Urban Harvest represents a maturing HoReCa supply chain layer—one that has moved beyond growth-at-all-costs to demonstrate unit-level sustainability at scale. A 58-investor cap table signals broad conviction; the post-profit raise suggests the company is funding expansion, not survival.
