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Captain Fresh Appoints Mathew George as CFO and Eyes Public Listing

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Captain Fresh, a Bengaluru-based B2B seafood firm, has announced the appointment of Mathew George as its group chief financial officer (CFO). This strategic hire comes at a pivotal time as the company prepares for a public listing and seeks to expand its footprint in new markets.

The appointment of George, who brings a wealth of experience from his previous roles at Medi Assist, Jumbo Global, HCL Technologies, Cognizant, Genpact, and Accenture, is expected to bolster Captain Fresh’s financial operations and M&A activities. His expertise will be crucial as the company scales up its operations and navigates the complexities of going public.

“With a clear strategy, verified execution success, and the support of prominent investors, I believe we are well-positioned to accelerate our expansion. I am excited to use my financial expertise to work with the team to create value for our shareholders and employees,” George said in a statement.

In February, Captain Fresh revealed plans to seek additional funding, coinciding with the announcement of George’s appointment. The company secured over $25 million from new investors earlier this year and is currently in the process of obtaining more funds from previous backers, including Tiger Global, Matrix Partners, Evolvence, and SBI Investment.

Adding to its growth trajectory, Captain Fresh acquired CenSea Inc., a US-based frozen fish and seafood importer and distributor, to tap into the lucrative North American market. This acquisition aligns with the company’s strategy to derive 80-85% of its overall business from the European and US markets.

Captain Fresh, founded in 2019, has rapidly established itself as a key player in the seafood supply chain network, offering a marketplace for fishermen to sell their harvest and collaborating with retail outlets and supermarket chains to manage fish sales operations from start to finish. The company counts major merchants like Metro, Auchan, and Carrefour among its collaborators and operates in France, Germany, Poland, and the Middle East. Despite its global reach, only 2-3% of its revenue originates from India.