Business

Captain Fresh Raises USD 20 Million

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)

Also read: CBI Detains GAIL Executive Director In Bribery Case Involving Rs 50 Lakh

Spriha Rai

Recent Posts

Hina Khan Hails 11 Years Of PM Modi’s Leadership; Highlights National Progress

As the nation marks 11 years under PM Modi's leadership, actress Hina Khan shares her…

5 hours ago

Subhash Ghai Hails PM Modi’s Transformative Vision For India

Subhash Ghai has praised PM Narendra Modi’s leadership for catalysing India’s growth and changing the…

5 hours ago

India & Central Asia Boost Rare Earth Cooperation At Delhi Meet

India and five Central Asian nations have agreed to deepen cooperation on rare earths and…

6 hours ago

PM Modi’s Beej Se Bazaar Tak Vision Reshapes Indian Agriculture

Prime Minister Modi has redefined Indian agriculture with the ‘Beej Se Bazaar Tak’ vision, transforming…

6 hours ago

EV Sales Cross 4% Mark In May; Signalling Steady Shift To Green Mobility

EV sales topped 4% of passenger vehicle retail in May 2025, signalling growing demand for…

7 hours ago

Self-Reliant Defence Industry Marks India’s Strategic Security Ascent

One year into Modi 3.0, reforms have reduced poverty, strengthened defence, and accelerated the digital…

7 hours ago