AquaExchange has raised USD 8 million in a Series B funding round co-led by Endiya Partners and Factor Analytics, with participation from existing investor Accion Ventures, according to media reports.
The fresh capital will be used to scale the company’s international technology operations, expand domestic market share, and deepen its presence across the aquaculture value chain, the company said.
Founded in 2020 by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod and Kiran Bandi, the Vijayawada-based startup develops digital infrastructure for aquaculture farming. Its platform combines IoT automation, AI-driven analytics, real-time farm monitoring, embedded finance and market linkages to help shrimp farmers manage operations and improve productivity.
The company claims its technology currently supports automation across more than 25 per cent of India’s shrimp farming acreage and monitors over 80,000 acres of aquaculture farms globally.
Beyond India, AquaExchange has expanded its presence in international markets including Ecuador, Saudi Arabia and Madagascar, and is planning further global expansion as demand for aquaculture infrastructure grows.
The startup expects revenue of around Rs 275 crore in FY26 and aims to achieve Ebitda profitability within the current financial year as adoption of its technology platform increases.
According to company estimates, farms using its IoT-based monitoring systems and AI tools have reported crop success rates of around 85 per cent, compared with the industry average of about 55–60 per cent.
With the latest funding round, AquaExchange plans to further strengthen its technology stack and expand its platform into additional agriculture asset classes beyond shrimp farming
