Sadhav Offshore raises Rs 25 Cr in equity round led by Negen Capital

Based on the provided text about Sadhav Offshore, here’s a structured summary of the key details:

Company and Funding Details

• Startup: Sadhav Offshore
• Industry: Maritime Services
• Location: India

Funding Information

• Funds: Negen Undiscovered Value Fund
• Investors: Family offices and high-net-worth individuals (HNIs)
• Amount Raised: Rs 25 crore
• Fundraise Series: Equity Round
• Date: (Not specified in the provided text)

Purpose of Funds

• To support capital expenditure for launching a floating dry dock facility.

Operational Insights

• Services a wide range of vessels, including over 70% of the Indian Coast Guard’s FPV fleet on the eastern seaboard.
• Operates a repair facility at Paradip Port.
• Has serviced international clients like Svitzer-Maersk.
• Technical partnerships with firms such as Kongsberg Maritime for propulsion system servicing.

Strategic Alignment

• The expansion aligns with national maritime development goals, including Sagarmala and Maritime India Vision 2030.
• Aims to fill gaps in India’s ship repair infrastructure to offer reliable, local repair services.

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2025-04-30 06:11:33