Seafood marketplace Captain Fresh raises $40 mn in a funding round

Its reseller segment (B2B2C) has demonstrated an increase of 20x within just three months of launch, retailing about 1.2 million kgs of fish and seafood every month.

Captain Fresh, an online seafood marketplace, has raised $40 million in an investment round co-led by Tiger Global and Prosus Ventures (formerly Naspers Ventures).

Existing investors Matrix Partners India, Accel India, Ankur Capital, and Incubate Fund have also participated in the Series B round.

Captain Fresh helps small fishermen and farmers by aggregating countrywide retail demand on its platform. The company said it would use the funding to build a real-time trading marketplace, AI for pricing and quality standardisation and applying robotic automation to move volumes with precision. Captain Fresh will also utilise the funds towards expanding its team and distribution network