Exclusive: Captain Fresh raises over $13 Mn in fresh tranche
Summary
B2B animal protein marketplace Captain Fresh has raised $13.25 million in an extended series C round. To date, the company has raised around $150 million including a $20 million funding as a part of its Series C round in September 2023.Captain Fresh is a farm-to-retail platform for animal proteinfish, seafood and sheep. Apart from India, the firm has presence in the US, Dubai, and Madrid.Post-allotment, CEO and founder of Captain Fresh has diluted his stakes to 19.20% while Nekkanti Sea Foods, Shakti Finvest Pvt Ltd and Ravi Shankar Pemmasani acquired 1.26%, 0.76% and 0.69% stakes, respectively. Matrix Partners is the largest external shareholder in the company with 13.44% holding. Visit here for complete details.As per TheKredible, Captain Freshs gross revenue surged nearly four fold to Rs 817 crore in the fiscal year ending March 2023 while its losses also shot up 2.6X to Rs 294 crore in the same period.