Aquaculture technology startup AquaExchange has raised $8 Mn in a Series B funding round co-led by Endiya Partners and Factor Analytics, with participation from existing investor Accion Ventures.
With the funding, the startup plans to scale its international technology business, expand domestic market share, and deepen its presence across upstream segments of the aquaculture value chain.
It is also planning to extend its proven full-stack technology platform into additional agri-asset classes where its integrated infrastructure can unlock similar efficiencies.
Founded in 2020 by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod and Kiran Bandi, the Vijayawada-based startup builds software and apps for shrimp farmers and aquaculture businesses. Its platform uses IoT devices, AI-driven analytics and real-time monitoring tools to help farmers manage farm operations and improve crop outcomes.
It claims to support automation across more than 25% of India’s shrimp farming acreage. In India alone, its technology is used across about 70,000 acres of shrimp farms and by nearly 5,600 farmers across five states, with Andhra Pradesh as its largest market due to the high concentration of shrimp farming in the region.
Globally, the startup’s platform monitors more than 80,000 acres of aquaculture farms. Apart from India, AquaExchange has expanded to markets such as Ecuador, Saudi Arabia and Madagascar, and is now preparing to enter Indonesia in the coming months as part of its international expansion strategy.
The startup offers what it calls a full-stack aquaculture platform. This includes farm automation and monitoring tools, financing and insurance services for farmers, as well as market linkages focused on quality assurance, traceability and sustainability across the seafood value chain.
AquaExchange expects to clock revenue of about ₹275 Cr in FY26, with an EBITDA of about ₹9 Cr for the year, though net loss remains at ₹3-4 Cr.
The startup said revenue from its technology division has grown rapidly over the past year. Technology accounted for about 3% of total revenue in FY25, which has now increased to around 13%.
The startup plans to push this further in the coming year, as it sees technology services as its main profit driver. It expects to achieve EBITDA profitability in FY26 as adoption grows.
Unlike several agritech startups that rely on financing or trading margins, AquaExchange claims its technology products generate direct revenue. Farmers pay upfront subscription fees for its hardware devices and services, including IoT-based monitoring systems installed on shrimp farms.
The startup said farms using its platform report crop success rates of around 85%, compared with the industry benchmark of roughly 55-60%.
The fresh capital will be used to scale its international technology business, expand domestic market share and extend its platform to other agriculture asset classes and protein segments beyond shrimp.
The post AquaExchange Raises $8 Mn Series B; Eyes ₹275 Cr Revenue In FY26 appeared first on Inc42 Media.
https://ift.tt/CJGBDmx
0 Comments