Pescafresh

Mumbai, India Founded: 2004 • Age: 22 yrs Minicorn
Fresh seafood and meat are delivered via an online platform.

About Pescafresh

Pescafresh is a Retail company based in Mumbai (India) founded in 2004 by Sangram Ramesh Sawant. It operates as a fresh seafood and meat are delivered via an online platform. Pescafresh has raised $2.32 million across 3 funding rounds from investors including Aeris, Team India Managers and Fao Ventures. The company has 47 employees. Pescafresh was last valued at $8.22 million in March 2022. Its chief executive is Sangram Ramesh Sawant. Its Indian entity Ace Seafood Bazaar Private Limited reported revenue of β‚Ή13.04 Cr. Its focus areas include Food and Agriculture Tech, Online Grocery, B2C Ecommerce and Meat and Seafood.

Company details

Pescafresh was established in 2004 in Mumbai, India, as an online platform focused on home delivery of seafood and meat. Freshwater and seawater fish, shellfish, chicken, and mutton are supplied in various cuts, including ready-to-cook and ready-to-eat preparations. Prepared spreads and additional ready-to-eat items are also provided to customers in the region.

Operational Areas
Key Metrics
  • Annual Revenue
    ₹13.04 Cr

    FY 2021 · +47% YoY

  • Net Loss
    -₹21.5 Lakh

    FY 2021 · -1% margin

  • EBITDA
    -₹35,928

    FY 2021 · 0% margin

  • Total Equity Funding
    $2.32M (USD)

    in 3 rounds

  • Latest Funding Round
    $2M (USD), Seed

    Mar 2022

  • Investors
    Aeris

    & 13 more

  • Employee Count
    47

Apps and channels of Pescafresh

its YouTube channel Pescafresh has 83 subscribers.

Pescafresh
YouTube 83 subscribers Howto & Style
Open channel

Funding Insights of Pescafresh

Pescafresh has successfully raised a total of $2.32M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2 million completed in March 2022. 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 $2.32M
  • Total Rounds 3
  • Last Round Seed β€” $2M
  • First Round $141,641

    (Feb 2014)

  • Investors Count 14

All 3 funding rounds of Pescafresh with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Mar 2022$2MSeed$8.22MElara Capital
May 2016$177,078Seed$3.88MBlume Ventures
Feb 2014$141,641Seed$β€’β€’β€’β€’β€’Blume Ventures
Valuation history
DateValuationStage
Mar 2022$8.22Mβ€’β€’β€’β€’β€’β€’β€’β€’
May 2016$3.88Mβ€’β€’β€’β€’β€’β€’β€’β€’
Feb 2014$β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’
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Full valuation and stage history of Pescafresh

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Last known valuation $8.22M (Mar 2022). 14 investors in total: 7 institutional and 7 angel.

Investors in Pescafresh

Pescafresh has secured backing from 14 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Aeris, Team India Managers and Fao Ventures.

All
Venture Fund
Institutional
Angel
InvestorDescriptionFounded YearDomainLocation
Seed and early-stage investments are made across sectors in India.
–blume.vcMumbai, India
Venture capital firm investing in early-stage companies
2011faoventures.comMumbai, India
Financial services including investment banking, equities, and asset management.
2002elaracapital.com-
Business brokerage, consulting, and logistics services are provided.
2012timl.inMumbai, India
Secure, scalable IoT solutions are provided for diverse industries.
1992aeris.comSanta Clara, United States
Limited information available
2006meemain.comMumbai, India

Arvind Murlidhar Uplenchwar

-
–unknown_49d3038ce7664cfd8-

Rehan Yar Khan

Veteran angel investor, founder of Orios Venture Partners, early backer of unicorns
–unknown_0f7438bf5b454e8fb-

Shujaat Khan

-
–unknown_adca8ceb1bf047339-

Girish Kulkarni

Angel investor and entrepreneur, founder of BuildSupply, focused on tech startups
–unknown_667c201d4df44dc08-
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Investor details for Pescafresh

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Board of directors of Ace Seafood Bazaar Private Limited (Pescafresh)

Ace Seafood Bazaar Private Limited is the primary company behind Pescafresh. The board of Ace Seafood Bazaar Private Limited currently have 4 directors; the longest-serving is Shweta Sangram Sawant, appointed in 2012. 8 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Shweta Sangram Sawant
DIN 06383460
Director02 Oct 201214 yrsAce Seafood Bazaar Private Limited
Shashank Ashok Patil
DIN 08459595
Director22 May 20197 yrs 5 moAce Seafood Bazaar Private Limited
Arvind Murlidhar Uplenchwar
DIN 00142114
Director04 Oct 20215 yrsAce Seafood Bazaar Private Limited
Sangram Ramesh Sawant
DIN 01209251
Director20 Dec 20214 yrs 10 moAce Seafood Bazaar Private Limited

People of Pescafresh

1 people are tracked at Pescafresh (1 in leadership); the tracked headcount is 47.

NameRoleGroup
Founder & CEOLeadership
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Financials of Pescafresh

Figures of Ace Seafood Bazaar Private Limited, the primary company behind Pescafresh, for FY 2021. Revenue was ₹13.04 Cr (+47% year on year). Net loss was -₹21.5 Lakh (-1% margin). EBITDA was -₹35,928 (0% margin). Revenue has grown at a compounded annual rate of +22% over three years and +1% over five years.

  • ₹13.04 CrRevenue · FY 2021 · +47% YoY
  • -₹21.5 LakhNet loss · -1% margin
  • -₹35,928EBITDA · 0% margin
  • ₹8.7 LakhPaid-up capital
  • 47Employees (provident fund records)
  • +22%Revenue CAGR, 3 years
  • +1%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Ace Seafood Bazaar Private Limited are on its company page.

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Detailed financial statements for Pescafresh

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Timeline of Pescafresh

4 dated milestones of Pescafresh across 18 years, from founding to its latest funding, stage changes and deals.

  1. Founded Pescafresh is founded.
  2. Funding First funding round of $142K.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Seed, of $2.0M.

Web traffic of Pescafresh

The website of Pescafresh (pescafresh.com) receives about 1.3K visits a month.

  • Monthly visits
    1.3K

    ▲ 2.7% vs previous month

Similar websites

Websites whose visitors overlap most with Pescafresh. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
freshfishindia.com
100%
––View details
mumbaifish.com
87%
––View details
fishvish.com
70%
––View details
allfreshseafood.com
allfreshseafood.com
51%
–#427,078–
naturesbasket.co.in
34%
37.9K#570,332View details
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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All 8 similar websites and full traffic analytics for Pescafresh

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Top companies in Food & Grocery Retail

10 companies that operate in the same segment as Pescafresh (Food & Grocery Retail), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Food and grocery deliveries are facilitated through an app-based platform.
2013San Francisco, California, United StatesUSD 2.5 BUSD 10.72 B80,579
Food and grocery items are ordered via an online network.
2014Bengaluru, Karnataka, IndiaUSD 3.62 BUSD 2.46 B4,488
Meal recipe kits are delivered through a weekly subscription service.
2011Berlin, Berlin, GermanyUSD 367.28 MUSD 1.51 B17,595
Online marketplace offering multi-category grocery products
2015Barcelona, Catalonia, SpainUSD 1.16 B–15,437
Personal and household products are delivered via an e-commerce platform.
2011Bengaluru, Karnataka, IndiaUSD 943.07 MUSD 1.17 B22,095
Instant delivery of groceries and essentials is facilitated online.
2013Gurugram, Haryana, IndiaUSD 757.52 M–11,913
Multi-category products are delivered quickly through an online platform.
2020Bengaluru, Karnataka, IndiaUSD 2.35 BUSD 344.05 K40,578
Organic groceries are offered through an online membership platform.
2013Los Angeles, California, United StatesUSD 332.18 M––
Online marketplace platform offering multi-category grocery products
2012San Francisco, California, United StatesUSD 2.93 BUSD 3.74 B25,408
Platform offering food and grocery delivery services
2013London, England, United KingdomUSD 2.95 BUSD 2.59 B11,488
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Related news about Pescafresh

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Frequently Asked Questions about Pescafresh

Pescafresh was founded in 2004 and raised its 1st funding round 10 years after it was founded.

Pescafresh is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Sangram Ramesh Sawant is the current CEO of Pescafresh. They have also founded this company.

Pescafresh is a funded company, having raised a total of $2.32M across 3 funding rounds to date. The company's 1st funding round was a Seed of $141.64K, raised on Feb 2014.

Pescafresh has 47 employees.

The primary company behind Pescafresh, Ace Seafood Bazaar Private Limited, reported revenue of β‚Ή13.04 Cr for FY 2021, up 47% year on year.

Pescafresh was established in 2004 in Mumbai, India, as an online platform focused on home delivery of seafood and meat. Freshwater and seawater fish, shellfish, chicken, and mutton are supplied in various cuts, including ready-to-cook and ready-to-eat preparations. Prepared spreads and additional ready-to-eat items are also provided to customers in the region.

Pescafresh has 14 investors. Key investors include Aeris, Team India Managers, Fao Ventures, MeemAin Capital Advisors, and Elara Capital.

The valuation of Pescafresh is $8.22M as of Mar 2022.

Pescafresh operates through Ace Seafood Bazaar Private Limited.

The legal entities of Pescafresh currently have 4 directors, including Shashank Ashok Patil, Sangram Ramesh Sawant, Arvind Murlidhar Uplenchwar and others.

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