The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Supply Chain & Storage, MaaS, Financial services, Deeptech, Food and Beverage Services, and Software development marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-IPO, Seed, Pre-Series A, Series A, and Series C

Funding News: Seafood Supply Chain firm 'Captain Fresh' wins 250 crore in Pre-IPO Funding

Startup: Captain Fresh

Founders: Utham Gowda

About us: Captain Fresh is a tech-led, vertically integrated global powerhouse of multi-species seafood brands. Headquartered in Bengaluru, India, Captain Fresh’s brand portfolio includes CenSea in the US, SuperFish in Poland, and Senecrus in France.

Founded Year: 2020

Office: Bengaluru

Sector: Supply Chain and Storage

Funding Round: Pre-IPO

Investors: Prosus Ventures, Accel, and Tiger Global

Captain Fresh, a seafood supply chain company, has secured 250 crore (approximately $30 million) as part of its ongoing pre-IPO funding round. Last month, the B2B startup received 100 crore (around $12 million) in funding from Motilal Oswal Wealth.

Utham Gowda, Founder and Group CEO of Captain Fresh, stated that the company has evolved into a global enterprise over the past two years, with over 98% of its demand coming from international markets. The fresh capital infusion is expected to help the company surpass $1 billion in revenue within the next year, positioning it among the top 25 seafood companies worldwide. He also highlighted plans to enhance profit margins and double operating profits.

According to media reports, Captain Fresh has engaged Axis Capital and Bank of America as financial advisors for its proposed IPO, estimated to be in the range of $350-400 million.

Website: https://www.captainfresh.in/