India’s seafood sector is poised to witness exciting M&A and fundraising activities over the next decade, according to Utham Gowda, associate vice president at investment bank o3 Capital.

There are still not many large corporates working on the shrimp export side, said Gowda, but in the last few years o3 Capital has seen several interesting players emerge.

Widespread public funding, however, is still a little ways off, despite the recent blockbuster performance of Avanti Feeds stock, followed more recently by a strong listing of shrimp exporter Apex Frozen Foods.