Aquaconnect operates a full-stack aquaculture platform combining farm advisory, access to feed and other inputs, marketplace commerce, streamlined logistics, and formal credit to retail partners and seafood buyers. The company has pioneered use of AI and satellite remote sensing to bring transparency and efficiency to the aquaculture value chain and enables market linkage to domestic and international buyers. Aquaconnect reported 4x revenue growth in the last fiscal year. It has recently expanded its footprint into West Bengal, Uttar Pradesh, and Assam. Using the new funding, the company plans to double its Aqua Partner network, strengthen post-harvest linkage solutions, and expand its product portfolio with farmer-focused innovations and formal credit services. These moves are intended to deepen impact within farming communities and scale its phygital approach across major aquaculture production states. Aquaconnect is a full-stack aquaculture input and outputs platform that serves fish and shrimp smallholder farmers across India. Its mobile app provides advisory services, water-quality and aquatic-health management, embedded fintech to connect farmers with formal banks, a marketplace for inputs, and an “Aquabazaar” that matches farmers with buyers. The company uses AI and satellite remote sensing and operates a phygital distribution network to increase productivity and improve market linkages, predictability, and transparency in the aquaculture value chain. Aquaconnect works with over 60,000 farmers and has scaled across six major aquaculture-producing states, including Andhra Pradesh, Gujarat, Odisha, and Tamil Nadu. Founded in 2017, the company will use its new capital to expand its product portfolio for both pre-harvest and post-harvest services. Its current financing position includes a $15.0M Series A led by Lok Capital, alongside strategic and debt investors. Aquaconnect is a Chennai-based aquaculture startup that digitalizes the seafood production value chain for smallholder fish and shrimp farmers. Its mobile app provides tech-based tools, expert advisory, predictive pond-management software, and access to financial products. Through its Aquastore marketplace farmers can buy inputs, arrange delivery, work with financial services and certification bodies, and sell traceable produce to global buyers. The company also operates physical touchpoints called AquaHUBs for face-to-face support. Aquaconnect says it works with more than 30,000 producers across Andhra Pradesh, Gujarat, Odisha, and Tamil Nadu. Founded in 2017, the startup aims to scale its fintech offering and increase the volume of seafood exports it handles following a recent fundraise. Aquaconnect operates an AI-enabled platform (including the FarmMOJO mobile app) that combines predictive SaaS tools with a network and omnichannel marketplace for shrimp and fish farmers. The platform links farmers to certification bodies, banks, insurers and other parts of the export ecosystem such as feed producers, labs, equipment manufacturers, hatcheries, processors and exporters. FarmMOJO uses AI and predictive analytics to help farmers increase revenues, reduce costs and manage disease risk. The company currently serves roughly 3,000 farmers across India and Indonesia and targets rapid expansion in South and Southeast Asia. With the new funding Aquaconnect plans team expansion, deep tech improvements to its app, launch of new SaaS tools and increased marketplace fulfillment and monetization. Founded in 2017 and based in Chennai, the startup focuses on India’s $7.1 billion aquaculture sector and aims to reach 15,000 farmers by December 2020.

Total raised

$24M

Funding rounds

4

Latest round

Series B

Latest activity

Jan 2024