Captain Fresh

What Captain Fresh does

Captain Fresh (legal entity Infifresh Foods Limited) is a B2B seafood supply chain platform founded in April 2019 by Utham Gowda and headquartered in Bengaluru, India. The company connects over 650 suppliers with approximately 1,300 enterprise customers across more than 30 countries, operating a multi-species, multi-geography platform spanning crustaceans, salmon, and yellowfin tuna. The underlying platform combines AI-driven pricing and quality standardization, real-time trading, cold-chain IoT monitoring, and digital traceability to address fragmentation, opacity, and lack of standardization in the global seafood supply chain. The company has transitioned from a pure-play marketplace to a vertically integrated packaged seafood conglomerate through a series of acquisitions: CenSea and Ocean Garden in the US (March 2024 and July 2025), Koral in Poland (December 2024), Frime in Spain (March 2026), and Senecrus in France, alongside a 49% joint venture with Allana Group to build a 4,000-store fresh protein retail network in India under the ChopServe brand.

The company generates revenue through B2B transaction fees and margin on seafood trade across its marketplace, supplemented by integrated processing and distribution revenue from acquired entities. FY25 operating revenue reached Rs 3,421 crore (~$400M) with 145% YoY growth, and the group turned profitable with PAT of Rs 42.4 crore versus a Rs 229 crore loss in FY24. Captain Fresh handles over 80,000 metric tons of seafood annually, with ~65% of revenue exposure to the US market and a Europe-heavy operational footprint following the Frime close. The company employs 1,000+ people across offices in Bengaluru, Dover (Delaware), Dubai, Madrid, Poland, and France, with operating geographies in India, the US, UAE, Spain, Poland, France, Indonesia, Vietnam, and Ecuador.

Go-to-market is enterprise field sales targeting large retailers, foodservice operators (HoReCa), and distributors, led by regional leadership including a Europe CEO (Basola Valles). Distribution channels include direct sales, regional distributor networks via acquired entities, and a new retail channel through the ChopServe JV. The company has raised approximately $150M+ in equity and venture debt since inception from investors including Prosus Ventures, Tiger Global, Accel, Evolvence Capital, SBI Investment, BII, Nekkanti Sea Foods, and Blue Earth Capital, reaching a valuation of ~$519M as of March 2026. Capital Fresh converted to a public company in July 2025, filed draft IPO papers with SEBI seeking Rs 1,700 crore (targeting $1.3B-$1.5B valuation), withdrew in December 2025 to close the Frime acquisition, and is preparing to refile.

Name

Captain Fresh

Legal name

Infifresh Foods Limited

Website

https://captainfresh.in

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

251–500 employees

Short description

Captain Fresh is a B2B seafood supply chain platform connecting 650+ suppliers with 1,300+ enterprise customers across 30+ countries, operating across crustaceans, salmon, and tuna via acquired brands CenSea, Koral, Frime, and Senecrus, with growth driven by acquisition-led vertical integration and AI-enabled traceability.

Ownership category

akta.pro rank

Product category

Seafood Supply Chain Platform

NAICS

Fish and Seafood Merchant Wholesalers (42446), Seafood Product Preparation and Packaging (3117), Seafood Product Preparation and Packaging (311710), Seafood Product Preparation and Packaging (31171)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092), Wholesale-Groceries & Related Products (5140), Food And Kindred Products (2000)

akta.pro primary industry

Seafood Wholesale (Fresh & Frozen) (AFAIADAD)

akta.pro secondary industries

Value-Added Seafood Packaging (MAP/Vacuum, Portion Packs, Private Label) (AFANADAM), Shellfish Processing (Shrimp, Crab, Lobster, Mollusks) (AFANADAC), Ready-to-Eat Seafood (Cooked Shrimp, Crab, Lobster, Surimi) (AFANALAC), Shellfish Value-Added Products (Shucked Oysters, Mussels, Clams; Cooked/Marinated) (AFANALAK)

Keywords

• Seafood supply chain
• B2B seafood marketplace
• Seafood processing distribution
• Cold chain logistics
• Seafood procurement platform

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. B2B Seafood Marketplace / Platform: B2B ecommerce platform connecting fishermen, suppliers, processors, and distributors across multiple markets. Revenue generated through transaction fees and margin on seafood trade across 30+ countries, serving ~1,300 customers through 650+ suppliers. FY25 GMV reached Rs 3,421 crore with 145% year-on-year growth.
2. Seafood Processing and Distribution: Integrated seafood operations through acquired entities (CenSea - US, Koral - Poland, Senecrus - France, Frime - Spain) spanning processing, value-added manufacturing, and distribution of crustaceans, salmon, and tuna products across retail and foodservice channels.
3. Fresh Protein Retail: Joint venture with Allana Group (Indian Retail Alliance Private Ltd) forming ChopServe brand targeting 4,000-store retail network across India for fresh proteins including seafood, chicken, and mutton.

Go-to-market motion4 records

Distribution channels3 records

Marketing channels4 records

Core offering

Captain Fresh operates a B2B seafood marketplace platform that aggregates supply from fishermen, aquaculture farms, and processors and matches it with demand from distributors, retailers, and foodservice operators across 30+ countries. The platform combines real-time trading, AI-based pricing, quality standardization, and digital traceability, and is supplemented by vertically integrated processing and distribution operations in the US, Europe, and India that handle frozen, fresh, and value-added seafood products across species such as shrimp, tuna, salmon, finfish, and cephalopods.

Product overview

Captain Fresh operates as a multi-species, multi-geography B2B seafood supply chain platform. The company has evolved from a seafood marketplace to a vertically integrated packaged seafood conglomerate with a portfolio of acquired brands spanning the entire seafood value chain. The core platform connects seafood suppliers, processors, and distributors across multiple markets, while the House of Brands includes: CenSea (US seafood importer with CenSea Reserve premium line), Ocean Garden (US shrimp brand with Shrimp and Wild sub-brands), Mark (shrimp and wild seafood), Compass Wild, Ocean Shell Wild, Asian Garden, Pride of Mexico/Mexican Shrimp, Koral/SuperFish (European salmon), Senecrus (France), Frime (Spanish tuna with retail brand Koldfin), and ChopServe (domestic retail JV under Indian Retail Alliance). The company serves approximately 1,300+ customers across 30+ countries through over 650 suppliers.

Differentiator

Problem solved

Functional benefit

Brands

• CenSea: US seafood importer and distributor brand for frozen seafood products
• CenSea Reserve
• Ocean Garden
• Mark Shrimp
• Mark Wild
• Compass Wild
• Ocean Shell Wild
• Asian Garden
• Pride of Mexico
• Mexican Shrimp
• Koral
• SuperFish
• Senecrus
• ChopServe
• Infifresh

Products and services

• B2B Seafood Marketplace Platform Real-time B2B seafood trading marketplace that aggregates supply from fishermen, aquaculture farms, and processors and matches it with demand from distributors, retailers, and foodservice operators, with AI-powered pricing, quality standardization, and digital traceability.
• CenSea (US seafood distribution) US-based seafood importer and distributor offering multi-species frozen and value-added seafood under multiple brands including Ocean Garden (shrimp), Pride of Mexico, CenSea Reserve, and Mark Shrimp, targeting supermarket chains, club stores, and foodservice operators.
• Koral (European salmon processing) Polish salmon and seafood processor and distributor operating across the Koral and SuperFish brands, supplying smoked, fresh, and frozen salmon to European foodservice and retail customers.
• Frime (European tuna processing) Spain-based tuna processor offering frozen, fresh, and preserved tuna products with combined capacity of roughly 27,800 metric tonnes, serving European retailers and foodservice operators.
• Senecrus (French seafood distribution) France-based seafood distributor serving retailers, foodservice operators, and processors with multi-species seafood including salmon, shrimp, and whitefish.
• ChopServe (Indian fresh-protein retail brand) India retail brand for fresh chicken, fish, and seafood, sold through franchisee-operated stores targeting Indian consumers across tier-1 and tier-2 cities, launched under the Allana Group JV.

Quantifiable outcome

• 145% year-on-year revenue growth to Rs 3,421 crore in FY25
• +4 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered major, core and minor.

• Allana GroupmajorStrategic or Co-development Partner · 20 April 2026Strategic joint venture forming Indian Retail Alliance Private Limited (IRAPL) - Allana Group holds 51% and Captain Fresh holds 49%. Combines Allana's chicken and protein processing expertise with Captain Fresh's seafood supply chain and omni-channel technology. Platform targets 4,000-store retail network across India within four years under the ChopServe brand, serving standalone stores, shop-in-shop formats, and HoReCa channels with fresh proteins.
• Frime S.A.U. (Spain)coreOthers · 7 March 2026Completed acquisition of Spanish tuna processor Frime S.A.U. - a nearly 50-year-old brand with €180M+ revenue and operations across 33 countries. Deal structured as 60% cash and 40% stock. Gives Captain Fresh entry into yellowfin tuna as its 'third pillar' alongside crustaceans and salmon.
• Salvador Ramon (Frime President)coreStrategic or Co-development Partner · 4 March 2026Frime President and Owner Salvador Ramon continues as chair of Frime within the Captain Fresh group following acquisition. Nearly 50-year legacy in tuna processing preserved within the group, enabling continuity of brand and operational leadership.
• Frime (Acquisition)coreOthersAcquired Spanish tuna processor Frime S.A.U. - 60% cash and 40% stock deal. Frime generates revenue exceeding €180 million, operates across 33 countries with 20%+ of Europe's yellowfin tuna market. Captain Fresh's fifth overseas takeover.
• Koral (Acquisition)coreOthersAcquired Polish salmon processor Koral Spolka Akcyjna from Abris Capital. Part of Captain Fresh's European salmon strategy. Koral operates under SuperFish brand with 35+ years of operations and €100M+ revenue capacity.
• CenSea (Acquisition)coreOthersAcquired US-based seafood importer and distributor CenSea and its subsidiary Ocean Garden. One of the largest importers and distributors of frozen seafood in the United States. CenSea serves retail and foodservice channels with frozen seafood products.
• Senecrus (Acquisition)coreOthersAcquired French seafood distributor Senecrus as part of Captain Fresh's European consolidation strategy, adding to the company's European distribution network alongside Koral and Frime.
• Ecuador Suppliers (Sourcing Shift)minorStrategic or Co-development PartnerFollowing US tariff impacts, Captain Fresh shifted sourcing of two-thirds of its products from India, Indonesia, and Vietnam to Ecuador to manage costs. Plans to move processing and value-added manufacturing back to India leveraging pre-agreed access to supplier facilities with excess capacity.

Scale indicators10 records

Recent moves13 records

Expansion highlights8 records

Direct peers

• Thai Union Group: Thai Union is the world's largest seafood processor and a vertically integrated canned and frozen seafood conglomerate with leading brands (Chicken of the Sea, King Oscar). Comparable to Captain Fresh's multi-species, multi-geography B2B seafood model serving retailers and foodservice across global markets.
• Maruha Nichiro: Maruha Nichiro is one of the largest seafood companies globally, with operations spanning fishing, aquaculture, processing, and distribution across multiple species and geographies. Its vertically integrated model and global footprint mirror Captain Fresh's platform thesis of consolidating seafood value chains across species and markets.
• Highliner Foods: Highliner Foods is a leading North American seafood processor and marketer selling frozen seafood to retail and foodservice customers. Comparable to Captain Fresh's CenSea subsidiary in scale, channels, and product mix, with similar focus on value-added frozen seafood.
• Trident Seafoods: Trident Seafoods is one of the largest vertically integrated seafood companies in North America, with its own fishing fleet, processing plants, and broad foodservice/retail distribution. Comparable to Captain Fresh's vertically integrated US operations through CenSea and Ocean Garden.
• Mowi ASA: Mowi is the world's largest Atlantic salmon producer, with integrated farming, processing, and sales operations globally. Comparable to Captain Fresh's salmon vertical built through the Koral acquisition and Sekkingstad JV, especially in the European salmon value chain.
• Pescanova: Pescanova is a Spanish seafood conglomerate with integrated fishing, aquaculture, processing, and distribution across multiple species. Highly comparable to Captain Fresh's Frime-led Iberian operations and broader multi-species European seafood strategy.
• Iberconsa: Iberconsa is a Spanish seafood company specializing in cephalopods, shrimp, and other frozen seafood with global distribution. Comparable to Captain Fresh's Frime acquisition in terms of Spanish seafood heritage, B2B customer base, and export-led European distribution model.
• Clearwater Seafoods: Clearwater Seafoods is a Canadian seafood harvester and processor of shellfish, scallops, and other premium seafood, selling globally to retail and foodservice. Comparable to Captain Fresh's value-added shellfish and crustacean vertical, particularly value-added frozen seafood distribution.
• SalMar ASA: SalMar is one of the world's largest Atlantic salmon producers, with integrated farming and processing operations including the Norwegian Salmon JV partner Sekkingstad. Comparable to Captain Fresh's salmon processing strategy built through Koral and the Sekkingstad JV.

Broad incumbents

• Nomad Foods: Nomad Foods is Europe's largest frozen food company and a major frozen seafood player (Birds Eye, Iglo brands). Comparable to Captain Fresh's frozen seafood distribution capabilities but operating as a broad frozen-foods incumbent rather than a B2B seafood marketplace specialist.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries6 records

Funding overview

Funding rounds13 records

Investors26 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Captain Fresh