- August 17, 2020 / 6 min readThe fundraise will be used to invest in technologies like computer vision, IoT, bots, data analytics to digitise and drive efficiencies across the supply chain.
Bengaluru-based Captain Fresh has raised $ 2.3 million from group of investors, including Ankur Capital.
"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 USD 12 billion market, waiting to be unlocked,” shared Krishnan Neelakantan, Partner at Ankur Capital.
Captain Fresh is a freshwater fish and seafood supply chain platform that has raised funding from Incubate Fund India and Silicon Valley-based angel investors.
"The fundraise will be used to invest in technologies like computer vision, IoT, bots, data analytics to digitise and drive efficiencies across the supply chain," shared the statement.
Founded in April 2019 by Utham Gowda, Captain Fresh aims to expand into new cities and increase headcount.
"We started with a simple vision to build a fresh fish and seafood platform that the ecosystem could completely trust and rely on for their daily needs. We want to nurture our retail partners' businesses by providing full availability, range and high-quality fresh supplies on a daily basis,” added Gowda.
It currently has presence in cities like Bengaluru, Mumbai, Pune and Hyderabad with clientele base comprising over 125-150 retailers in Bengaluru and two to three big players in Mumbai and Hyderabad each.
Nao Murakami, Founder and General Partner at Incubate Fund India said, "As Incubate Fund is a Japanese-origin fund, we can bring best practices in supply chain innovations and support potential collaborations between Captain Fresh and Japanese companies."
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