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Captain Fresh | A B2B seafood supply chain (FY2025 revenue ₹3,465.9 crore)

2026.03.26

Article summary

Captain Fresh is a B2B seafood supply chain company founded in Bengaluru in 2019. Its CEO is Utham Gowda and the operating company is Infifresh Foods Limited. Operating revenue for FY2025 (the year ended March 2025) was ₹3,421 crore (1 crore = 10 million rupees), up 145% year on year, and total funding is about 249.65 million dollars. It has made repeated acquisitions of seafood processors in Europe and the United States, and it withdrew its IPO filing in December 2025 with plans to file again.

This article is based on what we could verify As of September 19, 2026 This page is based on the disclosures and news reports from each company that we were able to confirm as of that date. Amounts in the text follow the notation commonly used in India, with ₹1 crore = 10 million rupees, and yen figures are approximations calculated at a little over 1.7 yen to the rupee. Store counts, funding raised, and results at Indian companies change over short periods, so when making a business decision, please check the latest information in primary sources such as each company's own announcements.

Captain Fresh is a B2B business that sorts the fish and shellfish landed at India's fishing ports and delivers them to buyers at home and abroad. It has built buying, processing, and export in house, and has made repeated acquisitions of seafood processors in Europe and the United States.

Company profile

Item	Details
Legal name	Infifresh Foods Limited (brand name Captain Fresh)
Year founded	2019
Headquarters	Bengaluru (Karnataka)
CEO	Utham Gowda
Revenue (operating revenue)	₹3,421 crore (FY2025, the year ended March 2025; up 145% from ₹1,395 crore the year before). Total income was ₹3,465.9 crore
Employees	About 400
Total funding raised	About 249.65 million dollars (14 rounds)
Listing	Unlisted (preparing for an IPO)
Official website	captainfresh.in

Business and strengths

Catch volumes and prices for seafood move day by day, which makes it hard for a buyer to secure a steady quantity in the grade it needs. Captain Fresh has built its business on gathering fish from several ports, sorting it by grade, and shipping it in the form the buyer wants.

It continues to buy seafood processing and distribution companies in Europe and the United States to hold the downstream side.

Recent developments

Operating revenue for FY2025 (the year ended March 2025) was ₹3,421 crore, up 145% from ₹1,395 crore the year before. Total funding comes to about 249.65 million dollars. On the IPO, the company filed with SEBI through the confidential route in August 2025, planning a ₹1,700 crore issue of new shares. Approval from the authorities for its acquisition of the Spanish tuna processor Frime was delayed, however, so it withdrew the filing on December 24, 2025 and says it will file again once approval comes through (a refiling could not be confirmed at the time of writing).

Points for Japanese companies

When sourcing Indian shrimp or white fish for Japan, going through a business that can ship to a consistent grade is steadier than dealing directly with exporters in the producing areas. Because its acquisitions give it sales channels in Europe and the United States, it is also an easier counterpart to talk to about meeting Japanese specifications.