Sea Food
Startup Captain Fresh raises Rs 208 crore from investors to expand business
Captain Fresh, a fish and seafood tech startup, has raised USD 25 million (around Rs 208 crore) from investors to expand business. In a statement, the company said it has raised USD 25 million as part of a continuing larger funding round. The company had raised USD 20 million in September last year, taking the Series C round to USD 45 million. Nekkanti seafoods group and British International Investment (BII), the UK's development finance institution, participated in this extended round. "Proceeds from this fund raise are aimed at fuelling its distribution presence in the US and Europe...," it said. The company's product portfolio encompasses over 100 species of fish and seafood, sourced from over a dozen countries and catering to customers in over 30 countries. Captain Fresh has offices in India, the US, Dubai, Paris, Oslo, Amsterdam and Madrid.
 "Startup Captain Fresh raises Rs 208 crore from investors to expand business")
75% of the world's industrial fishing vessels not publicly tracked: Study
About 75 per cent of the world's industrial fishing vessels are not publicly tracked, and much of that fishing happens around Africa and South Asia, according to a new study published in the journal Nature. Researchers have created a global map of large vessel traffic and offshore infrastructure and found a "remarkable" amount of activity previously "dark" to public monitoring systems, using machine learning and satellite imagery. The researchers, led by an international non-profit organisation Global Fishing Watch, Washington, US, also found that more than 25 per cent of transport and energy vessel activity also was missing from public tracking systems. The findings help shed light on the breadth and intensity of human industrial activity at sea, which they said has been changing. "The footprint of the Anthropocene is no longer limited to terra firma," said co-author Patrick Halpin, a professor of marine geospatial ecology at Duke University, UK. The researchers found that while
 "75% of the world's industrial fishing vessels not publicly tracked: Study")
Captain Fresh raises $20 million for global expansion in Series C funding
Captain Fresh, a B2B fish and seafood company, on Tuesday announced raising USD 20 million (around Rs 166 crore) that will help it in expanding in global markets. The extended C funding round saw participation from SBI Investment and Evolvence Capital, among others. "This investment is led by Japan-based SBI Investment and Evolvence Capital, complemented by continued backing from internal investors, including Accel, Matrix Partners India, Prosus Ventures and Tiger Global," a company statement said. Captain Fresh is backed by Ankur Capital and Incubate Fund. "The fresh capital will be purposed towards Captain Fresh's global aspirations, particularly focusing on Europe and the USA. Discussions are already in motion with potential allies in these markets," it added. Founder Utham Gowda said it is a transformative juncture in our aim to establish Captain Fresh on the global stage. "Over the past three years, we've built significant supply side capacity by establishing a robust networ
Sea food prices set to surge as 61-day fishing ban begins in TN today
The fishing ban in Western coast of Tamil Nadu will however commence from June 1 to July 31, according to the Tamil Nadu fisheries department authorities
How India has gone to become the world's second largest shrimp producer
Once dogged by diseases, the shrimp sector saw a turnaround post-2009
 "How India has gone to become the world's second largest shrimp producer")
A diner's paradise
Nowhere other than Goa, not even in Kerala, or Pondicherry, is the catch as fresh, the curries as redolent with spices and ingredients
 "A diner's paradise")
Marine exporters see fortunes improving
US cut anti-dumping duty, which makes Indian exports profitable at a time, when shrimp production is low in major producing nations
 "Marine exporters see fortunes improving")
