AquaExchange, an aquaculture technology startup, has raised $8 million (approximately Rs 72 crore) in its Series B funding round. Endiya Partners and Factor Analytics co-led the investment round, while Accion Ventures also participated with support from Ocean 14 Capital.
According to filings with the Registrar of Companies (RoC), the company’s board approved a resolution to issue 67,324 Series B Compulsorily Convertible Preference Shares (CCPS) and 20 equity shares. The company priced the shares at Rs 1,068.38 each and consequently raised around Rs 72 crore through the round.
The filings further revealed that Endiya Partners and Factor Analytics each invested Rs 30 crore in the funding round. Meanwhile, Accion Ventures invested Rs 12 crore as part of the overall capital infusion.
Following the latest funding round, AquaExchange’s valuation increased by nearly 74% and reached Rs 372 crore (approximately $41 million). Previously, the company recorded a valuation of Rs 214 crore during its Series A funding round in January 2024.
The company plans to deploy the fresh capital to expand its international technology business. Additionally, it will focus on increasing its domestic market share and strengthening its position across the aquaculture value chain.
After the allotment of shares in the Series B round, Endiya Partners and Factor Analytics each hold an 8.06% stake in the company. Meanwhile, Accion Ventures now holds a 9.68% stake in the aquaculture technology firm.
Entrepreneurs Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod, and Kiran Bandi founded AquaExchange to empower aquaculture farmers through advanced technology solutions. The company enables farmers to improve crop yields, reduce farming risks, and manage rising input costs more efficiently.
Furthermore, AquaExchange offers a portfolio of technology-driven products, including PowerMon, a power management device designed for aquaculture operations, and AquaBot, an automated feed management system that improves feeding efficiency. In addition, the company helps farmers access formal crop loans and working capital through partnerships with financial institutions.
The startup states that it has become the first aquaculture technology firm in India to automate more than 25% of the country’s shrimp farming acreage. Currently, its platform monitors more than 80,000 acres of aquaculture farms worldwide. The company operates across five Indian states and also serves international markets such as Ecuador, Saudi Arabia, and Madagascar.
Financially, the company has reported strong revenue growth. Its operating revenue increased 2.3 times to Rs 240.51 crore in FY25 compared with Rs 104.88 crore in FY24. However, its losses also rose to Rs 12.71 crore from Rs 9.35 crore during the same period. Nevertheless, the company expects to achieve EBITDA profitability within the current financial year.
AquaExchange’s latest funding round highlights growing investor interest in aquaculture technology and sustainable food production solutions. By expanding its technology-driven farming solutions across global markets, the company aims to transform shrimp farming efficiency while supporting farmers with data-driven tools and financial access. As the aquaculture sector increasingly adopts automation and analytics, AquaExchange is positioning itself as a key technology enabler in the global seafood supply chain.
