AquaExchange, a Bhimavaram, AP based- tech platform to connect farmers for shrimp and fish ecosystem, has raised $3 million in Pre-Series A funding.
The round was led Endiya Partners and Accion Venture Lab, with participation from existing investors.
The Company funds use to strengthen its technology and ecommerce operations along with expanding its farm automation services.
Company: AquaExchange Agritech Private Limited
Raised: $3.0 M
Round: pre-Series A
Funding Month: June 2022
Lead Investors: Endiya Partners and Accion Venture Lab
Additional Investors: existing investors.
Company Website: https://aquaexchange.com/
Software Category: Fintech-enabled Ecommerce platform
About the Company: Founded in 2020 by Pavan Kosaraju, the Andhra Pradesh-based startup envisions to revolutionize aquafarming in India and across the globe. To help improve aquafarmers’ productivity, it offers a fintech-enabled ecommerce platform, farm automation and monitoring tool called NextAqua and a market linkage platform that helps small farmers accurately price their harvest and sell it in the market. It aims to offer farm automation services to more than 1 Lakh acres of farms by FY23.
Source: https://inc42.com/buzz/aquaexchange-secures-funding-to-offer-farm-automation-services-to-aquafarms/