[Funding alert] Captain Fresh raises $3M led by Matrix Partners India, Ankur Capital
Summary
Founded in 2019 by Utham Gowda, Captain Fresh works as a full-stack marketplace platform that leverages technology to deliver freshwater fishes and seafood to retailers across all formats. Utham Gowda, Chief Executive Officer and Founder, Captain Fresh, said in a press statement, The platform delivers through a trusted seafood supply chain that relies on superior demand-supply matching, standardised supplies, and maintaining digital traceability systems in order to streamline operations and re-imagine the B2B seafood ecosystem. “Captain Fresh is organising the massive $30 billion-plus seafood supply chain in India with a simple promise — to provide better quality fish at more competitive prices compared to unorganised channels. As a result of their tech-driven approach and focus on reduction in wastage, they have seen rapid adoption across channels – from tech-first online brands to the more traditional general-trade retailers. We’re thrilled to be partnering with Utham and the team on this journey.” Captain Fresh began operations in Bengaluru, and is currently serving more than 550 retail businesses across all formats; they have also recently expanded geographically with a presence in Hyderabad, Pune, Mumbai, Mangalore, and Visakhapatnam.