Captain Fresh has raised $13.25 million in an extended Series C funding round while SalarySe has raised about $5.2 million in its seed funding round.
Nekkanti Sea Foods invests in Captain Fresh
Captain Fresh, a B2B fish and seafood company, has raised $13.25 million in an extended Series C funding round led by Andhra Pradesh-based seafood exporter Nekkanti Sea Foods.
Other investors in the round included Shakti Finvest Pvt Ltd, Ravi Shankar Pemmasani, and Shibu Mathai, per a report in Entrackr.
The startup had last raised $20 million in an extended Series C funding round led by Japan-based SBI Investment and Evolvence Capital. To date, the company has raised around $150 million.
Captain Fresh’s diverse product range encompasses over 100 varieties of fish and seafood, catering to clients in more than 30 countries worldwide. With operational offices in India, the US, Dubai, and Madrid, Captain Fresh now plans to expand across Europe.
At present, the Indian Ocean Region accounts for the entirety of the platform’s supply, with India constituting 90%.
SalarySe bags $5m seed funding
In its maiden fundraise, SalarySe, a credit-on-UPI app for salaried employees, has raised about $5.2 million in its seed funding round led by Surge Ventures, an early-stage-focused VC arm of Peak XV Partners.
Surge led the round with nearly Rs 25 crore, while Pravega Ventures (via Vistra ITCL India) invested Rs 18.7 crore, Entrackr reported. Additionally, the company also passed a separate resolution to create an employee stock option pool (ESOP) worth $1.5 million.
Founded by Saumeet Nanda, Mohit Gorisariya, and Piyush Bagaria, SalarySe specialises in developing buy now, pay later (BNPL) products for the salaried class. The platform provides revolving credit on UPI by integrating with the payroll systems of companies and uses a lien on salary for repayments as a lever to reduce credit risk.