Captain Fresh doubles its valuation

Share Us

1010
Captain Fresh doubles its valuation
07 Mar 2022
6 min read

News Synopsis

Bengaluru-based fish and meat delivery startup, Captain Fresh has almost doubled its valuation since its last fundraising round that happened around two months back.  Captain Fresh is a business-to-business (B2B) marketplace. The valuation of  Capital Fresh now stands at half a billion dollars. Today, the company announced that in its latest round of funding, Captain Fresh has raised $50 million which was led by Tiger Global and Prosus Ventures. Companies like Accel India, Matrix Partners India, Ankur Capital, and Incubate Fund also participated in the company’s Series C funding round. Till now Captain Fresh has raised $100 million. Last year, in the month of December, the startup raised $40 million. This round was also led by Tiger Global and Prosus Ventures. At that time the investment was made at a valuation of $200 million. Founder and chief executive officer (CEO) of Captain Fresh, Utham Gowda said that they will utilize this capital for further expansion of Captain Fresh in overseas markets such as the United States and the European market. Utham Gowda also informed that the company’s annualized revenue run rate (ARR) was at around $50 million.

TWN Special