PE Fund Investments
Seafood marketplace Captain Fresh raises $40-M from Tiger Global, Prosus, Matrix, others
Bengaluru-based B2B seafood marketplace, Captain Fresh has raised USD 40 million in Series B funding from Tiger Global and Prosus Ventures (formerly Naspers Ventures). Existing investors Matrix Partners India, Accel India, Ankur Capital and Incubate Fund also participated in the round. Founded in 2019 by Utham Gowda, Captain Fresh is a farm-to-retail platform for seafood and freshwater fishes. It procures seafood directly from the agents/farmers, and supplies across B2B, B2R and B2B2C channels, providing fish at competitive pricing compared to unorganised channels. Captain Fresh claims to have a distribution network of 20 cities and more than 2,000 retail businesses. The company plans to use the fresh funds to build tech interventions and integrations across the supply and demand side network. Captain Fresh will also use the funds to expand the team and distribution network across geographies.
From the Venture Intelligence PE-VC Deal Database: Between Aug-20 and Jul-21 Captain Fresh raised $17.3 M from Incubate Fund, Ankur Capital, Accel India, Matrix Partners India, ADB, and others.
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