India, March 10 -- IPO-bound B2B seafood startup Captain Fresh has raised Rs.290 Cr (€27 Mn) in debt financing from Swiss investment firm Blue Earth Capital.

The seafood company plans to utilise the fresh capital to scale in-house manufacturing, expand global distribution capabilities and enable hiring.

"BlueEarth's financing is a strong endorsement of our business model. It introduces a European pool of sustainability-linked impact capital into play. This partnership also gives us access to their wider network, allowing us to accelerate our operations and impact simultaneously," Captain Fresh's group CEO Utham Gowda said.

It is pertinent to note that the funding round comes at a time when Captain Fresh is bracing for a public li...