Captain Fresh IPO Upcoming

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To be announced
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About Captain Fresh

Founded in 2019 by Utham Gowda, Captain Fresh is a B2B seafood marketplace that connects businesses with seafood suppliers, processors, and distributors. The company is a tech-led, vertically integrated player sourcing seafood from the Pacific, Atlantic, and Indian Oceans to meet demand in high-income markets like the US, Europe, and UAE.

Captain Fresh Valuation

Captain Fresh plans an IPO by the end of 2025, and is aiming to raise $350-400 million. The IPO will include a fresh issue of shares and an offer for sale, with Axis Capital and Bank of America as lead bankers.

Operations & Performance of Captain Fresh

The company has raised ₹ 250 crore is a pre-IPO round. In FY24, Captain Fresh’s gross revenue (GMV) increased by 71% to Rs 1,395 crore from Rs 817 crore in FY23.

Future Plans of Captain Fresh

Captain Fresh intends to expand its banking syndicate for the IPO and continues to focus on international growth. By leveraging technology and strategic acquisitions, the company is well-positioned to capitalise on its robust market presence.

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