B2B seafood supply chain co. Captain Fresh to raise Rs.30-Cr from Trifecta Ventures
Bengaluru-based seafood supply chain company Captain Fresh is to raise INR 30 crore through issuance of 3,000 Series B5 Non-Convertible Debentures (NCDs) to Trifecta Ventures Debt Fund.The company is preparing for an initial public offering (IPO) by the end of this year.Founded in 2020 by Utham Gowda, the firm operates a business-to-business (B2B) model, supplying meat and seafood to sellers across India and international markets, including the Middle East, Europe and the USA.
Between Aug-20 and Jan-25, Captain Fresh had attracted about USD 212.87 M from Ankur Capital, Incubate Fund Asia, Z47, ADB, Accel India, Prosus Ventures, Tiger Global, Evolvence, British International Investment and others.For FY24, Captain Fresh had reported about INR 1,395 Cr in Operating Income and about INR 229 Cr in Net Loss.
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