Captain Fresh, a Bengaluru-based B2B seafood startup, announced the appointment of Mathew George as its Group Chief Financial Officer (CFO).
This development comes after the startup’s recent fundraising efforts, as reported in February. In the same month, Captain Fresh acquired CenSea Inc, a US-based importer and distributor of frozen fish and seafood, to enter the lucrative North American market.
Continue Exploring: Captain Fresh expands US presence with acquisition of CenSea Inc, eyes European market growth
George’s appointment is anticipated to strengthen both financial operations and merger and acquisition endeavors as the company aims to amplify its presence and venture into additional markets. Utham Gowda, Captain Fresh’s co-founder and CEO, emphasized George’s pivotal role in the company’s trajectory toward a public listing.
Gowda stated, “Mathew’s vast knowledge as well as extensive experience will be critical in fostering financial excellence as we grow our global business. We look forward to leveraging Mathew’s leadership as we move towards becoming a publicly traded entity.”
This year, Captain Fresh has secured over $25 million from new investors and is currently in the process of raising additional funds from existing supporters like Tiger Global, Matrix Partners, Evolvence, and SBI Investment.
Continue Exploring:Â B2B seafood startup Captain Fresh secures $25M in funding Led by UK Govt-backed BII and Nekkanti Seafoods Group, eyes international expansion
“With a clear vision, proven execution success, as well as the support of esteemed investors, I am confident we are well positioned to continue our growth trajectory. “I’m excited to use my financial expertise in collaboration with the team to create value for our shareholders and employees,” George said in a press release.
George, previously serving as the Group Chief Financial Officer at Medi Assist, has held positions at notable organizations such as Jumbo Group, HCL Technologies, Cognizant, Genpact, and Accenture.
Established in 2019, Captain Fresh functions as a seafood supply chain platform, facilitating a marketplace for fisherfolk to vend their catch. Additionally, it collaborates with retail outlets and supermarket chains, overseeing end-to-end operations management for fish sales.
The company competes with other startups in the meat and seafood supply sector, including FreshtoHome, Licious, Freshma, and similar ventures.
Continue Exploring:Â Seafood companies boost investments in local market amid global export challenges: Shrimps, squids, and lobsters see surge in domestic demand
