A London seafood wholesaler is boosting growth in both international and domestic markets following a six-figure funding package from HSBC UK.
Dodi Seafoods will use the funding from HSBC UK to import seafood from around the world, including India, China, Turkey, the US and Ecuador.
The company, based at Billingsgate Market, now imports more than 50 tonnes of fish a week, supplying restaurants, shops and retailers across the UK. The funding from HSBC UK will enable Dodi Seafood to expand its online presence and deliver seafood to customers across Europe.
The deal will enable the company to hire four employees in roles such as wholesale manager (refrigerated) and sales manager (refrigerated) and expects turnover to increase to £20m from 2024.
Zaheer Ahmed, CEO of Dodi Seafood, commented:
“We are delighted to be able to increase our seafood supply with the support of HSBC UK. This will enable us to establish our international presence and begin our journey to growth.”
Raj Yadav, relationship manager at HSBC UK, added:
“Dodi Seafoods is an established business and we are proud to support them in meeting the growing demand for seafood. It also helps to expand.”
Founded in 2012, Dodi Seafood offers a variety of fresh and frozen seafood, including sea bass, sea bream, shrimp, lobster, and salomon. The company currently employs 15 of his people at its London headquarters.
