Bengaluru-based seafood innovator Captain Fresh has successfully raised ₹100 crore (approximately $12 million) in a funding round led by Motilal Oswal Wealth Limited, as revealed in regulatory disclosures.
This fresh investment marks a significant milestone for the startup, which specializes in connecting seafood farmers with retailers through its efficient farm-to-retail platform. As part of this funding round, Captain Fresh issued 1,002 preference shares, each priced at ₹9,98,399 (around $11,707).
The latest capital injection grants Motilal Oswal Wealth a 2.26% equity stake in Captain Fresh, reflecting the growing investor confidence in the company’s vision and operations.
Earlier in the year, Captain Fresh also secured $7 million in funding from British International Investment, further solidifying its financial foundation.
Founded in 2019 by Utham Gowda, Captain Fresh aims to revolutionize the seafood supply chain in India. By leveraging technology and streamlining operations, the company ensures fresher, high-quality seafood reaches retail markets efficiently. With this latest funding, Captain Fresh plans to expand its operations and enhance its platform to serve a broader customer base.
As India’s seafood industry continues to grow, Captain Fresh is poised to play a key role in modernizing the supply chain and fostering better connections between seafood producers and consumers
