Funding · Agriculture & Food Systems

Captain Fresh raises Rs 290 crore sustainability financing

By Startup Enthusiast · 10 March 2026

What they do

Captain Fresh runs a tech platform that sources, processes, and distributes seafood globally

The company raised Rs 290 crore in sustainability-linked financing from Blue Earth Capital to expand globally and fund sustainability initiatives

This funding follows the acquisition of Spain-based tuna processor Frime and a profitable FY25, with GMV jumping 2.5 times to Rs 3,421 crore

Captain Fresh raised Rs 290 crore in sustainability-linked financing from Blue Earth Capital.
The funding will support global distribution expansion and sustainability initiatives.
The company completed the acquisition of Spain-based tuna processor Frime last week.
In 2024, Captain Fresh acquired Poland-based salmon company Koral.
Earlier, it acquired US-based CenSea and France-based Senecrus.
The company reported a net profit of Rs 42 crore in FY25, reversing a loss of Rs 229 crore the prior year.
FY25 gross merchandise value (GMV) reached Rs 3,421 crore, a 2.5 times jump from Rs 1,395 crore in FY24.

The funding is notable because it follows a string of acquisitions, including Frime, Koral, CenSea, and Senecrus, showing aggressive global expansion.
The company turned profitable in FY25, which may have made it attractive to impact investors like Blue Earth Capital.
Sustainability-linked financing ties interest rates to environmental targets, aligning with the company's stated focus on traceability and efficiency.

Captain Fresh operates a technology platform integrating seafood sourcing, processing, and distribution.
Its digital operating system focuses on traceability and efficiency in the seafood supply chain.
The company serves distributors and retailers in the US, Europe, UAE, and India.
In FY25, it served approximately 1,300 customers across 30+ countries.
It traded in 90+ seafood species, including shrimp, salmon, tuna, and lobster.
The sourcing network includes 650+ suppliers across 35 countries.
Brands under Captain Fresh include CenSea, Frime, Koral, Senecrus, ChopServe, Ocean Edge, and Ocean Garden.

Blue Earth Capital (lead) — Impact investor providing sustainability-linked financing.