Captain Fresh Appoints New Group CFO: Mathew George

Captain Fresh Appoints Mathew George As Group CFO
Preeti Bali / 7:36 am / May 23, 2024

Captain Fresh, a company specializing in the B2B fish and seafood supply chain, has appointed Mathew George as its new Group Chief Financial Officer (CFO). 


Mathew George’s Previous Experience and Accomplishments

Before joining Captain Fresh, Mathew George served as the Group CFO at Medi Assist Health Care Services. During his tenure, he successfully led several mergers and acquisitions and played a key role in managing the company’s initial public offering (IPO), which was oversubscribed by 14.3 times. 


Professional Background of the New CFO

Mathew George’s extensive career includes leadership roles at prominent companies such as Jumbo Electronics, HCL Technologies, Cognizant Technologies, Accenture, GE Capital, and Genpact. 


Strategic Vision and Future Goals

Utham Gowda, the founder and CEO of Captain Fresh, expressed his enthusiasm for Mathew George’s appointment, stating that his leadership will be pivotal as the company aims to become a publicly listed entity.


Company Growth and Recent Achievements

Founded four years ago, Captain Fresh has secured over $160 million through various funding rounds. In February, the company raised an additional $25 million in an extended Series C round and acquired CenSea Inc., a US-based importer and distributor of frozen fish and seafood.


Financial Performance and Future Projections

Captain Fresh India’s gross revenue saw a remarkable increase, growing 3.7 times year-on-year (YoY) to reach Rs 773 crore in FY23, up from Rs 208 crore in FY22. Despite this growth, the company’s losses also increased by 2.45 times, amounting to Rs 252 crore in FY23. Although the audited financials for FY24 are yet to be filed, the company anticipates closing FY25 with revenues exceeding $650 million (more than Rs 5,000 crore).


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