AquaExchange, an aquaculture technology startup has raised $6 million in its Series A funding round led by Ocean 14 Capital with participation from existing investors including Endiya Partners and Accion Venture Lab.
The funding received by AquaExchange will be used to scale adoption of the company’s full-stack business model including farm automation, crop financing and harvest procurement. The company also plans to focus their efforts on a few international markets for device exports.
AcquaExchange was founded in 2020 by Pavan Kosaraju, AquaExchange is helping transform aquaculture through technology.
"AquaExchange is committed to transforming aquaculture through technology. This round of funding strengthens our position as leaders in the aquaculture technology and fintech sectors," Kosaraju said.
The company leverages its tech to increase crop yields, mitigate crop risks and combat rising input costs. Their devices enable farm automation and improve crop visibility for lenders and customers leading to premium prices and reduced costs for farmers.
Vijayawada-headquartered AquaExchange’s product portfolio includes novel power management (PowerMon) and feed automation (AquaBot) devices.
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