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Captain Fresh Expands with $25M Funding
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Captain Fresh, a fish and seafood tech startup, raised $25 million in an extended Series C funding round led by British International Investment and Nekkanti Seafoods Group to expand its global presence, particularly in the US and Europe. The funding will support its expansion strategy, including the acquisition of Senecrus in Paris. The company's gross revenue surged nearly four times to Rs 817 crore in the fiscal year ending March 2023, while its losses increased 2.6 times to Rs 294 crore in the same period.
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How might Captain Fresh's expansion into key markets impact the global fish and seafood industry?
In what ways could the UK government's funding through the Offshore Wind Programme influence the food and retail sector's carbon emissions reduction?
What strategies could Captain Fresh employ to reduce its losses while scaling globally?
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