India’s Captain Recent in talks to lift $50 million in new funding

Captain Recent, a business-to-business harvest-to-retail marketplace for animal protein, is partaking with buyers to lift as much as $50 million in contemporary funding, in keeping with sources aware of the matter.

The startup is in superior levels of deliberations to lift the capital from Nekkanti Sea Meals, SBI Funding, Evolvence, Tiger International, and Prosus Ventures, the sources stated, requesting anonymity because the matter is personal.

Captain Recent declined to remark.

The startup particularly focuses on seafood, serving to fishermen and farmers promote their catch and livestock to companies. It has arrange dozens of assortment facilities in a number of nations the place it collects the catch after which sells to hundreds of companies throughout coastal states.

Captain Recent has raised over $100 million previous to the brand new funding and was valued at $500 million within the earlier spherical, whose first tranche it closed in March 2022. It has since prolonged that spherical to lift one other $15 million or so.

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