Aquaculture technology company AquaExchange has secured $8 million in its Series B funding round, co-led by Endiya Partners and Factor Analytics, with support from Accion Ventures and Ocean 14 Capital.
The funding will enable AquaExchange to expand its international technology solutions, strengthen its domestic market presence, and fortify its position in the aquaculture value chain.
Founded by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod, and Kiran Bandi, AquaExchange empowers aquaculture farmers through innovative technology to optimize crop yields, mitigate risks, and manage input costs efficiently.
The company’s product lineup includes PowerMon, a power management device, and AquaBot, an automated feed management system, aimed at streamlining farming operations. Additionally, AquaExchange facilitates farmers’ access to formal crop loans and working capital, enhancing financial sustainability in the sector.
AquaExchange’s advanced technologies have automated over 25% of India’s shrimp farming acreage, monitoring 80,000 acres globally. The company operates in five Indian states and international markets such as Ecuador, Saudi Arabia, and Madagascar, showcasing a global impact in revolutionizing aquaculture practices.
In FY25, AquaExchange reported a significant revenue increase to Rs 240.51 crore, with efforts towards achieving EBITDA profitability in the current fiscal year.
Source: Entrackr : Latest Posts