Soon after withdrawing its draft papers for an initial public offering (IPO) to close an acquisition, global packaged seafood company Captain Fresh is raising Rs 120 crore (around $13.3 million) in an equity round led by its founder and CEO, Utham Gowda, two sources aware of the development told Entrackr.
“The fresh capital infusion is aimed at increasing the promoter’s stake in the company, with Gowda investing a significant portion of the round through personal funds,” said one of the sources requesting anonymity.
Gowda, who currently holds…

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