In addition to its listing plans, the company has also appointed three independent directors – Durgesh Kumar Singh, Anil Berara, and Harita Gupta – to its board.
Captain Fresh is preparing to raise $50-60 million in a pre-IPO round led by existing investor Accel. Others like Tiger Global, BII and Prosus will also participate, sources told Moneycontrol.
Capitan Fresh will use the funds for capital expenditure and expansion of the business. The fundraise appears to be part of an ongoing round, and it is likely that the startup will raise more money.
The extended C funding round saw participation from SBI Investment and Evolvence Capital, among others.
The company is looking to foray into Africa, Middle East and other parts of Asia with this fundraise.
A total of $1.25 billion was raised by startups in the week of December 20 to 24