Captain Fresh, set for IPO, reports a significant loss amid rising expenses and funding.

IPO-bound B2B seafood marketplace Captain Fresh reported a significant loss of Rs 229 crore in FY24, up 340% from Rs 52 crore in FY23. Total expenses rose by 44.8% to Rs 1,648 crore, with material costs making up 79.55% of the increase. Despite the loss, operating income jumped 70.7% to Rs 1,395 crore. Captain Fresh has raised $176 million in funding and appointed Axis Capital and BofA as IPO bankers.

2 months ago
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