Captain Fresh raises $50 M in Series C investment


The company plans to foray into Africa, the Middle East and other parts of Asia

Captain Fresh, a tech-enabled B2B animal protein marketplace, has raised $50 Million in a Series C investment round co-led by Prosus Ventures and Tiger Global, both existing investors. Other participants in this round also included existing investors Accel India, Matrix Partners India, Ankur Capital, and Incubate Fund.


Utham Gowda, CEO and Founder, Captain Fresh, said, “We are further deepening our role on the supply side by leveraging our understanding of supply communities in India and transforming it into a digital platform with a focus on content, community and commerce for fishermen, agents and farmers. This would be our market-entry beachhead as we look to foray into Africa, the Middle East and other parts of Asia, led by our proprietary distribution and fulfilment engines.”


The current round marks the third fundraise in the last 12 months, delivering a valuation mark up to 50x within the same period. The company has more than doubled its revenues since its Series B fundraising in December 2021.


Elluminate Capital and DSK Legal acted as the exclusive financial and legal advisors to Captain Fresh on the transaction.


Captain Fresh started out in 2019 as a seafood marketplace focusing on aggregating the fragmented retail demand across the country and linking it to the small fishermen and farmers throughout the Indian coast. 

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