Private Equity

PE-VC Fund Investments

B2B seafood seller Captain Fresh raises Rs.120-Cr in founder-led equity round

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Bengaluru-based seafood seller Captain Fresh has raised INR 120 crore (USD 13.3 million) in an equity round led by its founder and CEO, Utham Gowda (via Tigerlily Properties), with participation from Avanti Feeds, Veer Growth Fund, and other investors. Post transaction, the promoter’s holding would increase to 19% from 17%Founded in 2020 by Utham Gowda, Captain Fresh operates a B2B (business-to-business) supply chain platform for packaged seafood with operations in India, the Middle East, Europe, and the USA. The company sells packaged seafood under brands including CenSea, Frime, Koral, Senecrus, ChopServe, Ocean Edge, and Ocean Garden to distributors and retailers in markets such as the USA, Europe, the UAE, and India .

Between Aug-20 and Jul-25, Captain Fresh had attracted about USD 214.13 M from Accel India, Alteria Capital, InnoVen Capital, Motilal Oswal Wealth, Prosus Ventures, Tiger Global, VentureSoul Partners, Z47, British International Investment, Evolvence, Stride Ventures, Trifecta Capital, Z47, Ankur Capital, Incubate Fund Asia, ADB, Lighthouse Canton, and others.For FY25, Captain Fresh had reported about INR 348.7 Cr in Operating Income and about INR 78.9 Cr in Net Loss.