Captain Fresh, a business-to-business (B2B) seafood and meat marketplace, has raised $50 million led by existing investors Prosus Ventures and Tiger Global. Accel India, Matrix Partners India, Ankur Capital, and Incubate Fund also participated in the round. This is its second fund raise in three months.
The company’s valuation has more than doubled to $500 million following the funding round, Utham Gowda, co-founder and CEO of Captain Fresh, told ET.
Founded in 2019 by Gowda, Captain Fresh is a farm-to-retail platform for animal protein–fish, seafood and sheep. It procures directly from the agents and farmers, and supplies across B2B, B2R and B2B2C channels, providing fish and other animal protein at competitive pricing compared to unorganized channels.
Also, Read This: Animal Husbandry and Aquaculture Agritech Startup Aqgromalin Has Raised USD 5.25 Mn In Its Pre-Series A Funding Round
“We have made significant strides in the last 12 months and believe we have the foundation in place to keep up with our hyper-growth trajectory. We are deepening our role on the supply side by leveraging our understanding of supply communities in India and transforming it into a digital platform with a focus on content, community and commerce for fishermen, agents and farmers,” said Utham Gowda, founder and CEO, Captain Fresh.
The company is looking to foray into Africa, Middle East and other parts of Asia with this fundraise. It had earlier said that it will also be looking to launch in the US and Europe markets by the next quarter and expand in states including Kerala, Tamil Nadu and West Bengal.
Further, the company has more than doubled its revenues since its Series B fundraise in December 2021, said the company.
John Curtius, Partner at Tiger Global, said, “We are thrilled by the growth demonstrated by Captain Fresh over the last 12 months. We are excited to double down and deepen our partnership as the Company looks to go global.”
Also, Read This: Bengaluru-based Licious Becomes India’s First D2C Unicorn After Raising USD 52 million
I went over this web site and I think you have a lot of good info, saved to bookmarks (:.