India based Freshwater fish & seafood Supply Chain platform, Captain Fresh announced on 17th August, 2020, that it has bagged USD 2.3M in a pre series A funding round. The investment was led by Ankur Capital. Silicon Valley based angel investors and Incubate Fund India also participated in investment.
The company claims to utilize the latest capital in technologies such as Data Analytics, Computer Vision, bots and IoT to digitize and procure efficiency across the supply chain. In addition to that, the startup is also planning to further expand to new cities and recruit more people to build a mission-driven world-class team.
The company leverages technology to serve trustworthy, reliable and high-quality freshwater fish & seafood to retailers.
While the majority of Indians prefer to eat fresh meat & seafood, the present supply chain fails to consistently provide the desired bag of products which meet the required quality standards at reasonable prices. Captain Fresh claims to build a trusted and reliable seafood supply chain by bringing in intelligence for superior demand-supply matching, maintaining digital traceability systems, standardizing supplies and enabling e-auctions for sourcing.
About the company
Started in April 2019 by an ex-investment banker, Utham Gowda, Captain Fresh collaborates with leading brands in the modern trade channel as well as the pioneers in the digital meat & seafood space. The company previously secured seed funding from Sandhya Aqua and Nekkanto Group, who are the leading exporters of frozen shrimp. The company is in operations in Bengaluru (India) serving 120+ retail businesses across all formats. They have also expanded operations in other cities.
Partner at Ankur Capital, Krishnan Neelakantan, commented, “With a billion aspiring Indians seeking to up the protein in their diet, we see a huge latent demand for fresh fish and seafood, already a $12-billion market, waiting to be unlocked. We believe Captain Fresh’s tech-driven model, which seeks to transform the supply chain can do just that. In Utham and his team, we see a great combination of vision, domain insights and passion to champion this change and build a large, valuable company.”
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