Freshwater fish and seafood supply chain platform Captain Fresh has raised $2.3 million in a pre-series A round of funding led by early-stage venture capital firm Ankur Capital.
The funding round also saw the participation of Incubate Fund India and Silicon Valley-based angel investors, the Bengaluru-based startup said in a statement.
Captain Fresh will use the funding proceeds to invest in technologies like computer vision, IoT, bots, data analytics to digitize and drive efficiencies across the supply chain, the statement added. Additionally, it will expand to new cities and make key hires.
Founded in April 2019 by Utham Gowda, Captain Fresh leverages technology to consistently deliver freshwater fish and seafood to retailers across all key formats.
Ankur Capital partner Krishnan Neelakantan said, “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 $12 billion market, waiting to be unlocked.”
INDIA DEAL MONITOR
Here are some prominent venture capital transactions in India from August 12-17, 2020.
