B2B seafood startup Captain Fresh has secured Rs 100 crore (approximately $12 million) in funding from Motilal Oswal Wealth Limited. This marks the second investment round for the Bengaluru-based firm this year.
The board at Captain Fresh has passed a special resolution to issue 1,002 preference shares at an issue price of Rs 9,98,399 each to raise Rs 100 crore or $12 million, its regulatory filing accessed from the Registrar of Companies (RoC)shows.
The new funding appears to be part of a pre-IPO round. According to media reports, the company has appointed Axis Capital and BofA as bankers for a proposed IPO worth $350-400 million.
The funding came 10 months after the closure of its $48 million led by Japan-based SBI Investment, Evolvence Capital,…
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