Captain Fresh secures $20 million in extended Series C round to boost global expansion

Captain Fresh, a top Indian B2B seafood company is shaking up the seafood industry by blending modern technology with every aspect of the seafood supply chain in India. By skillfully infusing modern technology into every stage of the seafood value chain, it is reshaping the traditional process of procurement, distribution and retail.

In a recent funding milestone, Captain Fresh secured $20 million in an extended Series C round led by Japan-based SBI Investment and Evolvence Capital, with the participation of internal investors, including Accel, Matrix Partners India, Prosus Ventures, and Tiger Global.

This achievement comes on the heels of the previous Series C round in March 2022, where the Bengaluru-based company raised $57.3 million. In total, the company has amassed $146.5 million in funding to date, according to Crunchbase and is currently valued at approximately $500 million.

What Captain Fresh does is that it operates as a farm-to-retail platform that sources animal protein (fish, seafood, and sheep) directly from agents or farmers and caters to a diverse clientele across B2B, B2R (Business-to-Restaurant), and B2B2C (Business-to-Business-to-Consumer) channels. With an extensive catalogue comprising over 100 varieties of fish and seafood, Captain Fresh serves clients in more than 40 countries worldwide.

Already with a distribution network spanning more than 20 cities and over 2,500 retail businesses, Captain Fresh is operational in India, the US, Dubai, and Madrid, and is looking to expand further into Europe to boost its global presence.

These freshly acquired funds have been earmarked for its international expansion plans, with a specific focus on Europe and the USA. Captain Fresh also aims to streamline turnaround times, invest in innovative product offerings, and prioritize transparency and traceability to meet the evolving needs of its customers.