Funding · Agriculture & Food Systems

AquaExchange raises ₹67 crore in Series B funding

By Startup Enthusiast · 10 March 2026

What they do

AquaExchange provides IoT sensors and AI software to automate and monitor aquaculture farms

The company raised ₹67 crore ($8 million) led by Endiya Partners and Factor Analytics

It aims to achieve EBITDA profitability in FY26 while expanding its international tech business

AquaExchange raised ₹67 crore ($8 million) in a Series B funding round announced on March 10, 2026.
Endiya Partners and Factor Analytics co-led the investment for the Vijayawada-based startup.
Accion Ventures, an existing investor, participated in this latest funding round alongside other supporters.
The company plans to use the funds to scale its international technology business and expand domestic market share.
AquaExchange intends to deepen its upstream presence and diversify into other agricultural asset classes beyond shrimp.
The startup targets achieving EBITDA profitability in the fiscal year 2026 with projected revenues of ₹275 crore.
Founders Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod, and Kiran Bandi are leading the expansion efforts.
The funding supports their goal to extend the platform to new protein segments and global markets like Indonesia.

The investment highlights growing interest in agritech solutions that combine hardware with data analytics.
AquaExchange's focus on traceability aligns with international standards set by partners like the Aquaculture Stewardship Council.
The company claims significantly higher crop success rates compared to industry averages using its technology.
Expansion into Ecuador and Saudi Arabia demonstrates the scalability of its Indian-origin aquaculture model.

AquaExchange offers IoT sensors and AI software designed for aquaculture farm automation and monitoring.
The platform features predictive disease alerts delivered via mobile app to help farmers manage risks effectively.
On-ground advisory services complement the digital tools to support farmers in daily operations and decision-making.
Embedded finance options include crop loans and working capital integrated directly into the AquaExchange platform.
The company has developed insurance frameworks with insurers to cover crop diseases and mitigate financial losses.
A risk scoring framework with NABARD assists banks in assessing lending risks for aquaculture borrowers.
Digital systems track seafood from farm to consumer, ensuring compliance with Global Dialogue on Seafood Traceability standards.
AquaExchange serves as a technology partner to three of the world’s largest shrimp producers globally.
The business model relies on upfront subscription fees for hardware devices and associated service offerings.

Expand into Indonesia in the coming months as part of international growth strategy.
Diversify the platform to include other agricultural asset classes and protein segments.
Achieve EBITDA profitability by the end of fiscal year 2026.

Endiya Partners (co-lead) — Venture capital firm focused on early-stage technology investments in India.
Factor Analytics (co-lead) — Investment firm specializing in data-driven opportunities across various sectors.
Accion Ventures (participating) — Impact investor supporting financial inclusion and economic opportunity for underserved communities.
Ocean 14 Capital (supporting) — Investor supporting previous rounds of funding for AquaExchange.

Product: Software platform with IoT devices, AI analytics and real-time monitoring tools for shrimp farmers
Customers: Shrimp farmers and aquaculture businesses across India
How it makes money: B2B SaaS providing farm management software and marketplace for seed, feed and aquaculture products
What sets it apart: Patent-pending electrolyser technology supporting 25% of India's shrimp farming acreage with integrated platform