Qatar-based seafood marketplace Fish.qa raised an undisclosed Seed funding round led by venture builder 360nautica, which will also provide operational support to the startup.
Founded by Jareesh Makannari and Mohamed Hanees in 2018, Fish.qa enables customers to purchase a variety of seafood online and have it delivered to their doorsteps.
The investment will be used to fuel Fish.qa’s expansion in the region.
Fish.qa, Qatar’s only seafood marketplace has announced its successful seed investment round. The startup has made it very easy for customers to purchase a variety of seafood in just a few clicks and have it delivered to their doorstep through its e-commerce platform. Having been founded in April 2018, the startup began its journey by being a part of the incubation program at Digital Incubation Centre, MOTC. Since then, it has shown tremendous growth potential despite the pandemic. The startup was founded by entrepreneurs Jareesh Makannari and Mohamed Hanees, who envisioned Fish.qa to become the top online seafood seller in the Middle East.
360nautica, the Doha-based venture builder, is the lead investor with Fish.qa which included funding and operational support to the growing startup. In the past few years, 360nautica has built some of the fastest-growing tech startups in Qatar and the GCC region. As the leading investment partners, and as part of the venture building process, 360nautica’s role in Fish.qa’s Seed round comes with more than just funding benefits. 360nautica will be the driving force for Fish.qa enabling them to reach a wider market.
Jareesh Makannari, one of the co-founders, said, “We are thrilled to start this journey with 360nautica and look forward to Fish.qa’s next phase of growth. The market opportunity is huge, and we are glad to be working with an experienced team and seasoned mentors as we try to capitalise on this."
360nautica is in an advanced position to grow potential startups owed to the resources and experience they have gathered in building ventures over the years. “We feel great about the investment, as Fish.qa has shown remarkable progress since they started. With the right timing, it can grow quickly to capture untapped markets and become a key player in the GCC region. 360nautica’s vision is to identify scalable startups and contribute to their growth ” commented Dr Tejinder Singh, the Founder and MD of 360nautica.