Captain Fresh Share Price: Company Files DRHP, Eyes Rs 1,700 Crore IPO

Market Performance

Indian capital markets are witnessing increased activity as startups and new-age companies gear up for public listings. Captain Fresh, a leading B2B seafood company, has joined this trend, aiming to raise significant funds via its upcoming IPO.

Main News

Captain Fresh has confidentially filed its draft red herring prospectus (DRHP) with SEBI. The company plans to raise Rs 1,700 crore (~$200 million) through a fresh issue. This move follows its recent transition into a public limited company in July 2025.

The company has also strengthened its governance by appointing three independent directors: Durgesh Kumar Singh, Anil Berara, and Harita Gupta.

Company Details

Founded in 2019 by Utham Gowda, Captain Fresh specializes in B2B seafood procurement, processing, and distribution. The company helps businesses source fresh fish and seafood while offering supply chain solutions.

Over the years, Captain Fresh has expanded its footprint internationally through acquisitions:

• Fishlog (Indonesia)
• Koral (Poland)
• CenSea (Illinois, USA)

Funding History

Captain Fresh has raised over $160 million from investors including Accel, Tiger Global, Prosus, and SBI Investment. Recent pre-IPO rounds include:

• Rs 250 crore (~$29 million) from existing investors in early 2025
• $25 million Series C extension in 2024

Investors in the pre-IPO round also included family offices of prominent entrepreneurs such as Sriharsha Majety (Swiggy), Sid Khanna (India Equity Partners), Sunjay Kapur (Sona Comstar), and Shivalik Prints.

Financial Highlights

Captain Fresh has shown strong revenue growth and improved financial health:

• Gross revenue FY24: Rs 1,395 crore (up 71% from Rs 817 crore in FY23)
• Net loss FY24: Rs 229 crore (down 22% from Rs 294 crore in FY23)

The company’s growth reflects its expanding operations and strategic acquisitions in the seafood industry.

Summary of the Article

Captain Fresh is emerging as a key player in the B2B seafood market, preparing to raise Rs 1,700 crore through its upcoming IPO. With strong revenue growth, reduced losses, and global acquisitions, the company is strengthening its market presence ahead of a public listing.

The IPO comes amid a busy period for India’s startup ecosystem, following high-profile listings by companies such as Swiggy, Ola Electric, and FirstCry, which collectively raised over Rs 29,000 crore in 2024.