Captain Fresh Raises $12M In Series A Round Led By Accel Partners, Matrix India
- ByStartupStory | July 19, 2021
Captain Fresh raises $12M in Series A round led by Accel Partners, Matrix India. In fact, the round also saw investment from angel investors, including Jitendra Gupta (Jupiter), Asish Mohapatra and Ruchi Kalra (OfBusiness), Souvik Sengupta (Infra.Market), Rajesh Yabaji (BlackBuck), Revant Bhate (Mosaic Wellness), Ramakanth Sharma (Livspace), and Amrish Rau (PayU). This is the third funding raised by Captain Fresh in eight months, and the startup will use the capital to continue making deeper investments on the supply-side tech, expand distribution globally, and invest in its team. Utham Gowda, Founder and CEo of Captain Fresh said, “Over the last 24 odd months, we have iterated and fine-tuned the playbook for efficiently aggregating demand and supply, validated by a 10X growth spurt through the pandemic. We are thrilled to find ourselves at this unique intersection of a largely unsolved problem, a highly capital-efficient business model, and backed by a high-quality investor set. We are privileged to have Accel join Matrix, Ankur, Incubate, ADB Ventures, and others on our cap-table.”
Founded in 2019 by Utham Gowda, Captain Fresh aims to transform the complex fish and seafood supply chain. It believes that this is one of the oldest trades known to humanity, yet it has a high degree of unsolved problems. Captain Fresh aims to solve this through a combination of a digital commerce platform and a physical fulfilment layer to consistently deliver fair, efficient, and transparent purchase experiences for retailers across multiple formats.Captain Fresh is leveraging deep technologies to smoothen the high amount of friction in the traditional fish and seafood trade, optimising the value accrued to the supply communities. It has built best-in-class procurement tech and seafood focussed supply chain, which helps deliver over 20,000 kgs of fresh supplies across 50+ species sourced from more than 30 different coasts every day.
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