Indian B2B seafood marketplace Captain Fresh recently closed a new investment round.
The company raised $50 million (€46 million) in a series C funding round co-led by existing investors Prosus Ventures and Tiger Global.
Other participants also included existing investors Accel India, Matrix Partners India, Ankur Capital, and Incubate Fund.
The current round marks the third fund raise in the last 12 months. The company has more than doubled its revenue since its series B fundraise in December.
The company is deepening its role on the supply side in India and transforming it into a digital platform for fishermen, agents and farmers, CEO Utham Gowda said.
Captain Fresh, which was founded by Gowda in 2019, supplies seafood to more than 500 traditional retailers in India, as well as to online platforms. The company works with about 1.6 million farmers and fishermen and has 1,500 landing centers.
Adding centralized trading, minimal touch points and managed logistics, Captain Fresh adds 24-36 hours of shelf life to products, it claims.
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