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Freshwater fish and seafood supply chain platform Captain Fresh has raised USD 2.3 million (over Rs 17 crore) from investors, including Ankur Capital. In pre-series A round of funding, Incubate Fund India and Silicon Valley-based angel investors also participated. Captain Fresh leverages technology to deliver freshwater fish and seafood to retailers across all key formats. "The fund will be used to invest in technologies like computer vision, IoT, bots, data analytics to digitize and drive efficiencies across the supply chain," the company said in a statement. Captain Fresh also plans to expand into new cities and increase headcount. Captain Fresh was founded in April 2019 by Utham Gowda, an ex-investment banker. Gowda said, "We started with a simple vision to build a fr...

Fresh meat and seafood brand Licious has raised USD 30 million in Series E funding round. The round was led by Singapore-based Vertex Growth Fund (“Vertex Growth”) along with existing investors 3one4 Capital, Bertelsmann India Investments, Vertex Ventures Southeast Asia and India, and Sistema Asia Fund. The funds would be deployed towards expanding to a greater number of Indian cities, augmenting capabilities in the existing markets, strengthening omnichannel presence and powering new product launches, especially in the ready-to-eat category, Licious said in a press statement. The company said it would also focus on upgrading the Indian meat and seafood ecosystem by bolstering technological intervention, expanding its pool of employees and training them on niche skills that the i...

Tag: seafood

Captain Fresh raises USD 2.3 mn from investors

Licious Raises $30 Mn in funding led by Singapore-based Vertex Growth Fund