About Nekkanti Sea Foods
Nekkanti Sea Foods is a company based in Visakhapatnam (India) founded in 1983 by N SR Murty.. Nekkanti Sea Foods has raised $37.5 million across 2 funding rounds from investors including Captain Fresh, WhiteOak Capital Management and New Horizon Investments. The company has 1,072 employees as of April 09, 2024.
- Headquarter Visakhapatnam, India
- Employees 1072 as on 09 Apr, 2024
- Founders N SR Murty
- Stage Minicorn
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Nekkanti Sea Foods Ltd.
- Jurisdiction Visakhapatnam, Andhra Pradesh, India
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Annual Revenue
$149.62 M (USD)-47.83as on Mar 31, 2023
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Net Profit
$4.39 M (USD)-76.65as on Mar 31, 2023
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EBITDA
$7.66 M (USD)-71.33as on Mar 31, 2023
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Total Equity Funding
$37.5 M (USD)
in 2 rounds
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Latest Funding Round
$6 M (USD), Series C
Sep 25, 2023
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Investors
Captain Fresh
& 4 more
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Employee Count
1072
as on Apr 09, 2024
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Funding Insights of Nekkanti Sea Foods
Nekkanti Sea Foods has successfully raised a total of $37.5M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $6 million completed in September 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series C — $6.0M
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First Round
First Round
(13 Apr 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series C - Nekkanti Sea Foods | Valuation | Captain Fresh |
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| Apr, 2018 | Amount | Series C - Nekkanti Sea Foods | Valuation | New Horizon Investments , Motilal Oswal |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nekkanti Sea Foods
Nekkanti Sea Foods has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Captain Fresh, WhiteOak Capital Management and New Horizon Investments. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Motilal Oswal Alternates is engaged in alternative investment management.
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Founded Year | Domain | Location | |
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Seafood supply chain marketplace connecting producers and retailers is operated.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nekkanti Sea Foods
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Nekkanti Sea Foods
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nekkanti Sea Foods Comparisons
Competitors of Nekkanti Sea Foods
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nekkanti Sea Foods
Frequently Asked Questions about Nekkanti Sea Foods
When was Nekkanti Sea Foods founded?
Nekkanti Sea Foods was founded in 1983 and raised its 1st funding round 35 years after it was founded.
Where is Nekkanti Sea Foods located?
Nekkanti Sea Foods is headquartered in Visakhapatnam, India. It is registered at Visakhapatnam, Andhra Pradesh, India.
Who is the current CEO of Nekkanti Sea Foods?
Venkat Rao Nekkanti is the current CEO of Nekkanti Sea Foods.
Is Nekkanti Sea Foods a funded company?
Nekkanti Sea Foods is a funded company, having raised a total of $37.5M across 2 funding rounds to date. The company's 1st funding round was a Series C of $31.5M, raised on Apr 13, 2018.
How many employees does Nekkanti Sea Foods have?
As of Apr 09, 2024, the latest employee count at Nekkanti Sea Foods is 1,072.
What is the annual revenue of Nekkanti Sea Foods?
Annual revenue of Nekkanti Sea Foods is $149.62M as on Mar 31, 2023.
What does Nekkanti Sea Foods do?
Nekkanti Sea Foods was established in 1983 in Visakhapatnam, India, within the seafood sector. Operations focus on procurement and supply of various seafood items. Products offered include raw, cooked, and blanched shrimps such as sea tiger, vannamei, and black tiger varieties, alongside other seafood options. The company maintains activities centered in India, serving related markets through its established domain.
Who are Nekkanti Sea Foods's investors?
Nekkanti Sea Foods has 5 investors. Key investors include Captain Fresh, WhiteOak Capital Management, New Horizon Investments, Motilal Oswal Alternates, and Madhusudan Murlidhar Kela.
What is Nekkanti Sea Foods's valuation?
The valuation of Nekkanti Sea Foods is $568.23M as of Apr 2018.