Startup Profile
Captain Fresh
Legal entity: CaptainFresh Pte Ltd
B2B seafood supply chain connecting fisheries to global markets
Funding raised
₹2083.06 Cr
Total disclosed
Latest valuation
₹4293.00 Cr
Most recent round
Latest revenue
₹142.20 Cr
FY FY24
Employees
408
FY FY24
Founders
- Utham Gowda
Founder and CEO of Captain Fresh. Previously Executive Vice President at Nekkanti Sea Foods. Chartered accountant and Christ University graduate with background in finance and M&A at global investment firms.
Funding rounds
- Pre-IPO2025-01₹239.04 CrLed by Accel
- Series C2024-02₹207.50 CrLed by British International Investment
- Series C2024-01₹109.64 CrLed by Nekkanti Sea Foods
- Series C2023-09₹166.00 CrLed by Z47
- Series C2022-04₹60.53 CrLed by Evolvence Group
- Series C2022-03₹415.00 CrLed by Prosus
- Series B2021-12₹332.00 CrLed by Tiger Global
- Series A2021-07₹99.60 CrLed by Accel
Financials
MCA / self-reported| Fiscal year | Revenue | Profit / (Loss) | Employees |
|---|---|---|---|
| FY24 | ₹142.20 Cr | (₹229.00 Cr) | 408 |
The full story
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Timeline
- 2025IPO filing with SEBI — Filed DRHP for 1700 crore IPO, marking the first Indian B2B seafood startup to go public with revenue growth of 71% in FY24.
- 2023Global expansion across 5+ countries — Expanded operations to US, Europe (Paris, Madrid), Middle East (Dubai), and China with offices in Chicago, Dubai, and other international hubs.
- 2022-03Valuation crosses $500 million — Captain Fresh more than doubled its valuation to $500 million in Series C round led by Prosus, attracting $50 million in funding.
- 2021-07Series A funding from Accel — Raised $12 million in Series A led by Accel with participation from Matrix Partners India, Ankur Capital, and Incubate Fund.
- 2019-04Founded Captain Fresh — Utham Gowda founded Captain Fresh as a B2B seafood marketplace connecting fisheries and farmers directly with distributors, exporters, and retailers.