Startup Originals Team
Aquaculture technology startup AquaExchange has raised $8 million (about ₹66 crore) in a Series B funding round as it looks to expand its technology platform for aquafarmers and scale operations. The company has also set an ambitious target of reaching ₹275 crore in revenue by FY26, signalling strong growth plans in India’s rapidly expanding aquaculture sector.
Funding Round and Investors
The funding round was co-led by venture capital firms Endiya Partners and Factor Analytics, with participation from existing investor Accion Venture Lab. The fresh capital will be used to strengthen AquaExchange’s technology platform, expand its services to more aquaculture farmers, and grow its presence in domestic and international markets.
What AquaExchange Does
Founded in 2020 by entrepreneur Pavan Kosaraju, AquaExchange focuses on bringing technology and financial services to aquaculture farmers. The startup provides a platform that connects farmers with suppliers of inputs such as feed and seeds while also offering tools to manage farm operations more efficiently.
The company’s solutions include IoT-powered devices for feed automation and power management, which allow farmers to monitor and control farm operations using a mobile application. These technologies help improve productivity, reduce operational costs, and increase farm yields.
Growth Ambitions
With the new funding, AquaExchange aims to accelerate adoption of its platform across India’s aquaculture ecosystem. The company is targeting ₹275 crore in revenue by FY26, driven by growing demand for technology solutions in shrimp and fish farming.
India’s aquaculture industry is expanding rapidly due to rising seafood demand and exports, creating a large opportunity for startups offering data driven and automation solutions to farmers.
Conclusion
AquaExchange’s latest funding round highlights increasing investor interest in agritech and aquaculture technology startups. By combining IoT automation, digital marketplaces, and financial tools, the company aims to modernise aquaculture farming and help farmers improve productivity while scaling its own business in a fast growing industry.
