Utham Gowda, Founder and CEO of Captain Fresh.
Photo: Captain Fresh
Swiss impact investor Blue Earth Capital has agreed to provide €27 million in sustainability-linked financing for Indian seafood firm Captain Fresh, the companies announced yesterday.
The funding will go to Infifresh Foods Private Limited, Captain Fresh’s parent company, and is intended to support the expansion of the company’s global distribution capabilities.
Founded in 2020 by Utham Gowda, Captain Fresh operates a technology-based seafood sourcing and distribution platform that connects suppliers, processors and buyers. Gowda said the financing would support the company’s effort to improve transparency in seafood supply chains.
“We’ve always viewed doing things right as a core value multiplier, not an ESG checklist. By bringing true source-to-shelf traceability to the seafood industry, we are transforming a historically wasteful supply chain into one that actively protects our waters and uplifts communities whose lives depend on it.”
In a statement, Amy Wang, head of private credit at Blue Earth Capital, said the investment reflects the firm’s focus on sustainable food systems.
“The investment in Captain Fresh reflects our continued commitment to the sustainable food and agriculture sector. Through our partnership, we look forward to promoting sustainably sourced seafood, reducing waste across the value chain, and driving job creation while meeting growing global demand for traceable seafood.”
Captain Fresh sells packaged seafood under several brands, including its recent acquisition of Spanish tuna processor Frime, giving the Indian-headquartered firm a major processing base in Europe. Its other brands include CenSea, Koral, Senecrus, ChopServe, Ocean Edge and Ocean Garden, which it acquired in 2024. Its customers include distributors, food service companies and retailers across more than 30 countries, including the United States, several European markets, the United Arab Emirates and India.
