Bengaluru-based seafood startup Captain Fresh has raised ₹100 crore (approximately $12 million) in a funding round led by Motilal Oswal Wealth Limited, according to regulatory filings. This marks another milestone for the fast-growing farm-to-retail platform specializing in seafood.
Details of the Funding Round
Captain Fresh’s board approved the issuance of 1,002 preference shares at a price of ₹9,98,399 ($11,707.19) per share. With this investment, Motilal Oswal Wealth now holds a 2.26% stake in the company, reflecting growing investor confidence in its innovative approach to the seafood supply chain.
Recent Investments and Growth
This funding follows an earlier round in 2023 when Captain Fresh raised $7 million from British International Investment. The back-to-back investments highlight the company’s strong market positioning and potential for growth in the farm-to-retail seafood industry.
About Captain Fresh
Founded in 2019 by Utham Gowda, Captain Fresh is transforming the seafood supply chain by directly connecting farmers with retailers. The platform focuses on delivering fresh, high-quality seafood while optimizing efficiency across the value chain. Its innovative model helps reduce wastage, improve traceability, and provide better earnings for seafood producers.
The Road Ahead
With the fresh capital infusion, Captain Fresh aims to expand its operations, strengthen its technological infrastructure, and reach more markets. The company’s commitment to sustainability and quality positions it as a key player in the fast-evolving seafood industry.
Why Captain Fresh Matters
As demand for high-quality, fresh seafood continues to rise, Captain Fresh’s farm-to-retail approach addresses critical challenges in the supply chain, including freshness, transparency, and scalability. The company’s innovative model aligns with global trends in sustainable food sourcing, making it a valuable asset in the sector.
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