Accel Ventures has partnered with Captain Fresh through a Series A investment to revolutionize the fragmented seafood supply chain in India, addressing critical demand and supply challenges.
Information on the Target
Captain Fresh, founded by Utham, is a pioneering company focused on revolutionizing the fish supply chain in India. With a dedicated approach, Utham aims to address the challenges faced by fishermen, farmers, and consumers in a fragmented and underorganized industry. Over the past five years, Utham has immersed himself in the seafood sector, identifying opportunities for improvement and efficiency, making Captain Fresh a promising venture.
In particular, the seafood supply chain remains notably unstructured, creating inefficiencies that Captain Fresh seeks to mitigate through technological solutions and market aggregation. As the firm prepares to leverage a substantial addressable market worth over $50 billion in India alone, its strategic focus on supply chain organization places it in an optimal position for growth.
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Industry Overview in India
The seafood industry in India is characterized by a diverse marine ecosystem and a vast network of fishermen. However, it is plagued by fragmentation and inefficiencies, resulting in significant ga
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Accel
invested in
Captain Fresh
in 2023
in a Series A deal