AquaExchange secures $8 Mn in Series B round

AquaExchange has raised $8 million in a Series B funding round co‑led by Endiya Partners and Factor Analytics, with participation from Accion Ventures and impact investor Ocean 14 Capital. The Vijayawada‑headquartered aquaculture technology startup said the capital will be used to expand its international technology business, grow market share in India and deepen its presence across the aquaculture value chain, while also laying the groundwork to replicate its full‑stack model in other agriculture‑related asset classes.

"AquaExchange is committed to its Farmer First approach to transforming aquaculture through technology. This funding will help us consolidate our market-leading position in India and achieve leadership in technology export markets. We aim to equip many more small and medium aquaculture farmers with the latest technology tools, including proprietary AI services to offer predictive disease monitoring solutions. The aim is to improve crop success rates in India and abroad. We also plan to diversify to other agri-asset classes where we believe our proven full-stack offerings can be effectively replicated." — Pavan Kosaraju, Founder of AquaExchange

Context and details

• Founders and background: AquaExchange was founded in 2020 by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod and Kiran Bandi. The platform builds software and mobile apps for shrimp farmers and aquaculture businesses, combining IoT devices, AI analytics and real‑time monitoring.
• Investor support: The Series B was co‑led by Endiya Partners and Factor Analytics, with additional participation from Accion Ventures and Ocean 14 Capital.
• Market footprint in India: AquaExchange says it supports over 25% of India’s shrimp farming area, covering roughly 70,000 acres and about 5,600 farmers across five states, with Andhra Pradesh as its largest domestic market.
• Global operations: The startup monitors more than 80,000 acres worldwide and currently operates in Ecuador, Saudi Arabia and Madagascar, with plans to enter Indonesia soon.
• Product offering: AquaExchange positions itself as a full‑stack aquaculture platform that includes farm automation and monitoring tools, financing, insurance and market linkages aimed at improving quality, traceability and sustainability across the supply chain.
• Financials and unit economics: The company expects revenue of about ₹275 crore in FY26 with an EBITDA of around ₹9 crore, while acknowledging net losses in the range of ₹3–4 crore. Its technology division has grown from contributing roughly 3% of total revenue in FY25 to about 13% currently.
• Investor commentary: "We are thrilled to continue supporting AquaExchange at such a pivotal stage in their growth. As global demand for sustainable resource management, traceability, and responsible farming continues to rise, the company is uniquely positioned to lead this transformation through technology, data, and solutions that address the needs of farmers and upstream supply chain constituents," said Anvesh Ramineni, Partner at Endiya Partners.

Outlook

With the new capital, AquaExchange plans to accelerate exports of its technology stack, scale adoption among small and medium aquaculture farmers, and extend its integrated model into adjacent agri‑asset classes. Management says the push toward technology services should drive margin improvement and aims for EBITDA profitability in FY26 as adoption of its proprietary AI and automation tools increases across domestic and international markets.