Captain Fresh Raises INR 100 Crore in Series C11 Funding Round Led by Motilal Oswal Wealth
Captain Fresh Raises INR 100 Crore in Series C11 Funding Round Led by Motilal Oswal Wealth
Captain Fresh, a Bengaluru-based B2B seafood startup, has successfully raised INR 100 crore (approximately $12 million) in a funding round led by Motilal Oswal Wealth Limited. The funding is aimed at further accelerating the startup’s growth and expanding its footprint in the seafood supply chain. According to regulatory filings, the board of Captain Fresh has approved the issuance of 1,002 preference shares at a price of INR 9,98,399 each. Following this round, Motilal Oswal Wealth will acquire a 2.26% equity stake in Captain Fresh.
Captain Fresh is positioning itself as a major player in the B2B seafood supply chain, leveraging technology to streamline sourcing, processing, and distribution for both domestic and international markets. The company connects fishermen, seafood suppliers, and businesses, providing high-quality seafood products with greater transparency and efficiency. This new round of funding is expected to provide Captain Fresh with the financial resources to expand its operations, enhance its technological infrastructure, and strengthen its market presence.
The Series C11 funding round is structured as a private placement of cumulative, compulsorily, mandatorily, and fully convertible preference shares, a financial instrument often used by startups to raise capital while offering investors additional rights and protections. The issuance of preference shares will give Motilal Oswal Wealth a strategic position in the company, while the funds raised will help Captain Fresh scale its operations and pursue its vision of becoming a leading player in the seafood industry.
In addition to the new funding, Captain Fresh has undertaken a significant restructuring exercise, issuing preference shares in its Indian arm to the shareholders of its Norway-based entity. This restructuring is part of the company’s ongoing efforts to streamline operations and enhance its corporate structure, making it more conducive to future growth and expansion. By aligning the interests of stakeholders in both India and Norway, Captain Fresh aims to better position itself in global markets and enhance its ability to scale.
The B2B seafood startup has been rapidly growing since its inception, capitalizing on the increasing demand for fresh, sustainable seafood products. By directly connecting local fishermen with businesses, Captain Fresh offers a solution to traditional supply chain inefficiencies that have plagued the industry for years. Its technology platform allows for real-time tracking of seafood shipments, ensuring that businesses receive high-quality products in a timely manner, reducing waste and improving overall profitability.
The new funding round is also expected to bolster Captain Fresh’s expansion plans. With a strong presence in India, the company is now looking to expand its reach to international markets. The global seafood trade is poised for significant growth, driven by rising consumer demand for healthier food options and the increasing adoption of sustainable sourcing practices. Captain Fresh is well-positioned to tap into these opportunities by offering high-quality, traceable seafood products that meet international standards.
The involvement of Motilal Oswal Wealth Limited in this funding round further highlights the growing interest in the B2B food supply chain sector, particularly in emerging markets like India. Motilal Oswal Wealth, a well-established player in wealth management and private equity, brings not only capital but also strategic guidance and industry expertise that will help Captain Fresh navigate its growth journey.
In conclusion, the INR 100 crore funding round led by Motilal Oswal Wealth represents a significant milestone for Captain Fresh as it continues to scale its operations and revolutionize the seafood supply chain. The company’s innovative approach, combined with a strong funding base and a clear expansion strategy, positions it for continued success in the global seafood market. As it grows, Captain Fresh is poised to become a leading force in the B2B food supply industry, transforming the way seafood is sourced, processed, and delivered worldwide.
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