Aquaculture technology startup AquaExchange has raised $8 million (approximately ₹72 crore) in a Series B funding round co-led by Endiya Partners and Factor Analytics, with participation from Accion Ventures and support from Ocean 14 Capital. The new funding will help the company expand its technology offerings globally and strengthen its presence in India’s rapidly growing aquaculture sector.
The investment highlights increasing investor interest in technology-driven solutions for aquaculture and shrimp farming, industries that are becoming more data-driven and automated as farmers look to improve productivity and manage rising operational costs.
Funding Details and Valuation Growth
According to regulatory filings with the Registrar of Companies (RoC), AquaExchange’s board approved the issuance of 67,324 Series B compulsorily convertible preference shares (CCPS) along with 20 equity shares at a price of ₹1,068.38 per share, enabling the company to raise approximately ₹72 crore.
The funding round was co-led by Endiya Partners and Factor Analytics, each investing ₹30 crore, while Accion Ventures contributed ₹12 crore to the round.
Following this latest investment, AquaExchange has seen a significant jump in its valuation. According to estimates, the company’s valuation has increased around 74% to ₹372 crore (about $41 million). This represents a substantial rise from its ₹214 crore valuation during the Series A round in January 2024.
The new funding will support the company’s plans to expand its international technology operations, increase domestic market share, and deepen its role across the aquaculture value chain.
After the allotment of shares in the Series B round, Endiya Partners and Factor Analytics each hold about 8.06% stake in the company, while Accion Ventures owns approximately 9.68%.
Read more – Agritech Startup Verdant Impact Raises $3 Mn Seed Funding
Building Technology Solutions for Aquaculture Farmers
Founded by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod, and Kiran Bandi, AquaExchange focuses on developing technology platforms that help aquaculture farmers improve productivity while reducing risks.
Aquaculture, particularly shrimp farming, is one of India’s fastest-growing export sectors. However, farmers often face challenges such as fluctuating input costs, disease outbreaks, inconsistent feed management, and lack of access to financing.
AquaExchange addresses these issues by providing digital tools, automation solutions, and financial access for aquaculture farmers.
The company’s platform enables farmers to monitor farm conditions, optimize feeding schedules, manage energy usage, and track farm performance through data-driven insights.
Key Products: PowerMon and AquaBot
AquaExchange’s product portfolio includes two flagship technologies designed to improve operational efficiency for shrimp farmers.
One of its key products is PowerMon, a power management device that helps farmers monitor and manage electricity consumption at aquaculture farms. Energy costs represent a significant expense for shrimp farms, particularly those that rely on aerators and pumps to maintain water quality.
The company has also developed AquaBot, an automated feed management system that helps farmers control feed distribution more accurately. Feed costs account for a large portion of aquaculture production expenses, and automation can significantly reduce wastage while improving crop yields.
By combining hardware solutions with digital analytics, AquaExchange provides farmers with actionable insights that help improve farm productivity and reduce operational risks.
Expanding Access to Financial Services
In addition to technology solutions, AquaExchange also helps farmers gain access to formal financing.
Through its platform, the company connects aquaculture farmers with financial institutions that provide crop loans and working capital, enabling them to scale their operations more effectively.
Access to credit has historically been a challenge for aquaculture farmers, particularly small and medium-scale producers. By integrating financial services with farm data, AquaExchange aims to make lending more transparent and accessible.
Rapid Expansion Across India and Global Markets
AquaExchange has already achieved significant scale in India’s aquaculture sector.
The company claims to be the first aquaculture technology firm in India to automate more than 25% of the country’s shrimp farming acreage. Its platform currently monitors over 80,000 acres of aquaculture farms globally.
The startup operates across five Indian states, while also expanding internationally into markets such as Ecuador, Saudi Arabia, and Madagascar, where shrimp farming is a major industry.
The company’s growing international footprint reflects the increasing demand for technology-driven aquaculture solutions worldwide.
Strong Revenue Growth
AquaExchange has reported strong financial growth as adoption of its platform increases among aquaculture farmers.
According to company filings, operating revenue rose 2.3 times to ₹240.51 crore in FY25, compared to ₹104.88 crore in FY24.
At the same time, the company’s losses increased to ₹12.71 crore in FY25, up from ₹9.35 crore in FY24, as it continued to invest in product development and market expansion.
Despite the rising losses, AquaExchange expects to achieve EBITDA profitability within the current financial year, indicating confidence in the scalability of its business model.
The Growing Opportunity in Aquaculture Technology
India is one of the world’s largest producers and exporters of shrimp, making aquaculture a critical sector for the country’s agricultural economy.
However, the industry still relies heavily on traditional farming methods, leaving significant room for technology adoption and digital transformation.
Startups like AquaExchange are working to bring automation, data analytics, and financial integration into aquaculture, helping farmers operate more efficiently and sustainably.
With fresh capital from its Series B funding round and expanding adoption across both domestic and international markets, AquaExchange is positioning itself as a leading player in the global aquaculture technology ecosystem.
Read more – Agritech Startup Verdant Impact Raises $3 Mn Seed Funding
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape. She has written extensively on fintech, AI and emerging startups.