IPO-Bound Captain Fresh Achieves Profitability in FY25, Revenue Surges 145%

Captain Fresh, a prominent B2B seafood supply chain startup gearing up for its Initial Public Offering (IPO), has reported a substantial financial turnaround in the fiscal year 2025 (FY25). The company achieved a consolidated net profit of INR 42.4 crore, marking a significant recovery from the INR 229 crore loss it incurred in FY24. This profitability is driven by exceptional revenue growth, with operating revenue soaring by 145% to INR 3,421 crore in FY25, up from INR 1,395 crore in the previous fiscal year. The company also posted a positive EBITDA of INR 123.8 crore in FY25, a stark contrast to the EBITDA loss of INR 171.9 crore in FY24. These financial disclosures come as Captain Fresh prepares for its public debut, having filed its draft red herring prospectus (DRHP) confidentially with the Securities and Exchange Board of India (SEBI) for a $400 million (approximately INR 3,400 crore) public issue. The IPO proceeds are intended to finance acquisitions in the United States and Europe and support its future business-to-consumer (B2C) expansion in global markets. Captain Fresh, founded in 2020 by Utham Gowda, operates a technology-driven platform serving markets including India, the US, Europe, and the Middle East, with the US market contributing about 60% of its demand.

Impact This news is highly positive for Captain Fresh, demonstrating strong business execution and a clear path to profitability. For potential investors in the Indian stock market, it signals a promising IPO candidate with a scalable business model and global ambitions. The successful turnaround and robust growth metrics are expected to generate significant investor interest. Impact Rating: 8/10

Difficult Terms IPO (Initial Public Offering): The first time a private company offers its shares to the public to raise capital. B2B (Business-to-Business): A model where one business sells products or services to another business. RoC filings (Registrar of Companies filings): Official documents submitted by companies to the government registry detailing their financial and operational status. Consolidated Net Profit: The total profit of a company, including all its subsidiaries, after all expenses and taxes are deducted. Operating Revenue: Income generated from a company's primary business activities. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): A measure of a company's operating performance before considering financing costs, taxes, and non-cash expenses. DRHP (Draft Red Herring Prospectus): A preliminary document filed with the securities regulator before an IPO, containing detailed information about the company and the offering. SEBI (Securities and Exchange Board of India): The primary regulatory body for India's securities market. B2C (Business-to-Consumer): A model where a business sells products or services directly to individual consumers.