25 Jul 2024
Prosus-backed Captain Fresh acquires Koral
Captain Fresh, a seafood company from India, continues to redefine the global seafood supply chain with their latest strategic move. It has acquired Koral, a renowned Polish producer and distributor of smoked salmon close on the heels of other recent acquisitions - Senecrus in France and CenSea in America. Together, these acquisitions will further strengthen Captain Fresh’s global market presence and enhance its product offerings across different seafood categories.
Koral brings a rich heritage of quality and innovation with 26 production lines and a daily processing capacity of 120 tons of fish, catering not only to domestic markets but also to international consumers under the SuperFish brand. It enables Captain Fresh to rapidly expand its footprint into the lucrative salmon sector, which is projected to be worth USD 33.5 billion in 2024.
Captain Fresh’s growth is a testament to our commitment to investing in companies that are at the forefront of technology and innovation. The company’s use of advanced tech solutions to streamline the seafood value chain aligns with our investment philosophy of supporting tech-enabled, sustainable and scalable business models.
We look forward to continued momentum and innovation as Captain Fresh gears up to become the leading tech-enabled multi-species, multi-origin global seafood company.
Read the full announcement here.