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StartupIndian Seafood Platform Captain Fresh Seeks $50 Million in New Funding

Indian Seafood Platform Captain Fresh Seeks $50 Million in New Funding

Captain Fresh, a business-to-business (B2B) marketplace for animal protein with a focus on seafood, is reportedly in advanced discussions with investors to secure up to $50 million in a new funding round. The startup is engaging with potential investors, including Nekkanti Sea Foods, SBI Investment, Evolvence, Tiger Global, and Prosus Ventures. However, Captain Fresh has declined to comment on the matter. The platform operates as a harvest-to-retail marketplace, connecting fishermen and farmers with businesses in the seafood industry. Captain Fresh has established numerous collection centers in multiple countries where it procures the catch and livestock, subsequently distributing the products to businesses across coastal states. Prior to this potential funding round, Captain Fresh had already raised over $100 million and achieved a valuation of $500 million in its previous funding round, which concluded in March 2022. Following the last round, the startup extended the funding by raising an additional $15 million. The B2B platform’s model aims to streamline the seafood supply chain, benefiting both producers and buyers in the industry. If successful, the new funding will likely contribute to further expansion, technology enhancements, and market growth for Captain Fresh.

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