AquaExchange raises $8M in Series B round

AquaExchange on Tuesday raised $8 million in a Series B funding round co-led by Endiya Partners and Factor Analytics. The round also saw participation from Accion Ventures and impact investment firm Ocean 14 Capital.

The company has built a full-stack technology ecosystem that integrates IoT automation, proprietary AI/ML analytics, real-time farm monitoring, embedded finance, and market linkages to help enable farmers, producers, and supply chain participants to digitise operations.

The Vijayawada-headquartered company said it will use the newly-raised funds to scale its international technology business, expand domestic market share and deepen its presence across upstream segments of the aquaculture value chain. AquaExchange also plans to extend its technology platform into additional agri-asset classes.

Founded by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod, and Kiran Bandi, the company forecasts its revenue to touch Rs 275 crore in FY26 and also expects to achieve EBITDA profitability within the current financial year.

The timing of the funding coincides with favourable tailwinds across global seafood markets where rising global protein demand along with declining wild capture fishing and new trade corridors are expected to expedite the adoption of aquaculture infrastructure, according to the company.

"As aquaculture farmers in India, and globally, face increased economic and environmental challenges, they require more advanced solutions to meet their ever-changing needs for financing, crop insurance, and farming technologies. We are proud to continue our support for AquaExchange as it evolves from an aquaculture marketplace to an advanced farm management and monitoring company serving farmers around the world,” said Rahil Rangwala, Managing Partner of Accion Ventures.