---

---

A Startup That Sells Fish Is Now Eyeing the Stock Market—And Investors Are Hooked

Captain Fresh, the fast-growing B2B seafood and meat marketplace, has officially taken a major step toward going public. In a bold and strategic move, the company has converted from a private limited company to a public limited entity, signaling its intent to launch an IPO later this year, according to recent regulatory filings.

Yes, a seafood tech startup might soon be trading on the stock exchange. And no, this isn’t your average IPO story.

---

From Private to Public: The Big Legal Leap

In a filing with India’s Ministry of Corporate Affairs (MCA), Captain Fresh revealed that its board approved the conversion during a meeting held on June 14, 2025. The filing detailed the transition from:

• Infifresh Foods Private Limited ➝ Infifresh Foods Limited

This move is not just cosmetic—it’s a legal necessity for any Indian startup planning to go public.

What Changed Legally?

The company removed restrictions under Section 2(68) of the Companies Act, 2013, which limits private companies from raising funds publicly or having more than a certain number of shareholders. That barrier is now gone.

Translation? Captain Fresh is IPO-ready.

---

Why This Matters: Captain Fresh’s IPO Could Be the Catch of the Year

Captain Fresh isn’t just any seafood startup. It has quietly become one of India’s most ambitious B2B platforms, connecting fish and meat suppliers with retailers and institutional buyers across the country—and now globally.

Here’s why this potential IPO is generating buzz:

• Disrupting a $100B+ global industry: Seafood is one of the world’s largest and most fragmented markets. Captain Fresh is bringing tech and efficiency to a sector riddled with middlemen and supply chain inefficiencies.
• Asset-light, tech-first model: The startup uses data, demand forecasting, and supply chain optimization to make perishable goods trading faster and smarter.
• Global ambitions: It has already expanded to multiple international markets, including the Middle East and Europe.

---

What We Know About the Upcoming IPO (So Far)

While the exact timeline and size of the IPO haven’t been publicly confirmed, media insiders report that Captain Fresh is aiming to hit the public markets by the end of 2025.

Rumors Say…

• The IPO could raise hundreds of crores, possibly in the Rs 700–1,000 crore range
• It may debut on domestic stock exchanges like NSE or BSE
• The company might be prepping for a Q4 2025 listing window, depending on market conditions

If true, this would make Captain Fresh one of the first agri-supply chain startups in India to go public—a category that rarely sees IPO action.

---

A Quick Look at Captain Fresh’s Journey

Founded in 2019, Captain Fresh started as a simple idea: streamline seafood supply chains using tech. Fast forward to 2025, and it’s become a powerhouse in the B2B meat and seafood trade, with:

• A presence in dozens of cities across India
• A robust tech stack for inventory, procurement, and logistics
• Cross-border exports to global buyers
• A customer base spanning retailers, hotels, and restaurants

The startup has also raised funding from top-tier investors like Accel, Matrix Partners, and Tiger Global, building serious momentum in a typically traditional market.

---

What’s Next for Captain Fresh?

The move to become a public company is just the beginning. Industry insiders believe Captain Fresh is gearing up for:

• Aggressive expansion into new geographies
• Increased automation across its cold chain logistics
• R&D in seafood sustainability and traceability
• Building a global brand for B2B perishables

By going public, Captain Fresh isn’t just chasing capital—it’s chasing credibility, visibility, and scale.

---

Why Investors Are Watching Closely

The Indian IPO market in 2025 has already seen strong action, with retail and institutional investors eager to bet on profitable, growth-ready startups. Captain Fresh checks many of the right boxes:

• Strong unit economics
• Clear product-market fit
• Vertical expertise in an evergreen industry
• Potential to scale globally with low fixed overhead

Analysts are already calling it one of the most unique IPOs of the year.

---

Final Thoughts: Captain Fresh Is About to Make Waves

Not many people saw this coming—a fish and meat marketplace stepping up to the stock market. But Captain Fresh’s transformation into a public company is not just a business milestone—it’s a symbol of how new-age, tech-first supply chain companies are redefining what it means to be an Indian startup.

From back-end fish markets to the front page of the stock exchange, Captain Fresh’s journey is a story worth watching.

---