Captain Fresh, a Bengaluru-based seafood supply chain company, has raised 250 crore rupees (US$28.84 million) in its pre-IPO funding round.

This round was led by Prosus Ventures, Accel, and Tiger Global, with contributions from domestic family offices, including Swiggy co-founder Sriharsha Majety, Sid Khanna of India Equity Partners, and Sunjay Kapur of Sona Comstar.

Founded in 2020 by Utham Gowda, Captain Fresh has grown significantly, recording a fivefold increase over the past two years.

The company reported being profit after tax (PAT) positive in the last two quarters and expects US$550 million in revenue for fiscal year 2025.

It operates globally, sourcing seafood from the Pacific, Atlantic, and Indian Oceans to meet demand in the US, Europe, and the UAE.

Captain Fresh aims to achieve US$1 billion in revenue within the next 12 months while preparing for an IPO later this year.

Recent Captain Fresh developments