Captain Fresh, a B2B fish and seafood company, revealed on Tuesday that it has raised USD 20 million (about Rs 166 crore) to help it expand in the world’s markets.
SBI Investment and Evolvence Capital, among others, participated in the expanded C fundraising round.
In a statement, the company stated, “This investment is led by Japan-based SBI Investment and Evolvence Capital, complemented by continued backing from internal investors, including Accel, Matrix Partners India, Prosus Ventures, and Tiger Global”.
“This investment is led by Japan-based SBI Investment and Evolvence Capital, complemented by continued backing from internal investors, including Accel, Matrix Partners India, Prosus Ventures, and Tiger Global”, the statement reads.
Captain Fresh is backed by Ankur Capital and Incubate Fund.
“The fresh capital will be purposed towards Captain Fresh’s global aspirations, particularly focusing on Europe and the USA. Discussions are already in motion with potential allies in these markets”, the statement continued.
Founder Utham Gowda stated, “We are at a watershed moment in our efforts to establish Captain Fresh on the global stage”.
“Over the past three years, we’ve built significant supply-side capacity by establishing a robust network connecting us directly to Indian coastal fishermen and farmers. This is in addition to developing deep partnerships with more than a dozen export-focused factories”, the statement added.
Captain Fresh has recently appointed Basola Valles as CEO–Europe, accelerating the company’s expansion plans in this critical area.
Basola Valles stated, “We will bring Captain Fresh’s improved and still improving tech-enabled sourcing capabilities to Europe, delivering a multi-species, multi-origin approach to distribution”.
“We aim to reduce turnaround times, invest in product innovation, and deliver on transparency and traceability needs. We will initially focus on selected European countries in partnership with local players”, Valles added.
(With input from PTI)
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