Aquaculture Tech Firm AquaExchange Raises USD 8 Mn Series B Funding

Vijayawada-based agritech firm AquaExchange has raised USD 8 million in a Series B funding round to expand its technology-driven aquaculture solutions across domestic and international markets.

The round was co-led by Endiya Partners and Factor Analytics, with participation from existing investor Accion Ventures. Ocean 14 Capital, an impact investment firm focused on the blue economy, also continues to support the company.

The newly raised capital will be used to strengthen AquaExchange’s international technology operations, increase its presence in India’s aquaculture sector, and expand into upstream segments of the value chain. The firm also plans to extend its technology platform to other agriculture-related asset classes where similar infrastructure could improve efficiency and productivity.

Founded in 2020 by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod, and Kiran Bandi, AquaExchange develops digital solutions for aquaculture farming. The platform integrates Internet of Things (IoT) automation, AI-driven analytics, and financial services to support shrimp and fish farmers. Its system includes automated power and feed management tools, a mobile application for farm monitoring, and a digital marketplace that connects farmers with quality inputs.

The company’s technology currently operates across five Indian states and is designed to help farmers monitor farm conditions and manage operations more efficiently. Globally, the platform claims to monitor more than 80,000 acres of aquaculture farms.

AquaExchange said it has also expanded to three international markets—Ecuador, Saudi Arabia, and Madagascar—and has partnered with several large shrimp producers as a technology provider.

AquaExchange projects revenues of around INR 275 crore for the financial year 2026. The company expects to achieve EBITDA profitability within the current financial year.

According to company data, farms using AquaExchange’s IoT devices and AI-based monitoring tools have recorded crop success rates of about 85 percent. This compares with the broader industry benchmark of roughly 55–60 percent. The platform also provides on-ground advisory support to farmers throughout the crop cycle.

Beyond farm management, AquaExchange offers financial solutions aimed at improving access to credit for aquaculture farmers. The company has introduced embedded finance tools that help farmers obtain crop loans and working capital from formal financial institutions.

It has also worked with insurers to develop disease insurance frameworks and collaborated with NABARD to create a shrimp farm risk scoring system designed to improve credit access for farmers.