AquaExchange Raises $8M Series B to Accelerate Technology-Led Transformation Across Global Aquaculture Markets

AquaExchange, a technology company modernising the multi-trillion-dollar global animal protein value chain, today announced the successful close of its $8 million Series B funding round. The round was co-led by Endiya Partners and Factor Analytics, with participation from existing investor Accion Ventures. Ocean 14 Capital, a leading impact investment firm focused on the Blue Economy, also continues to support the company.

Founded by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod, and Kiran Bandi, and headquartered in Vijayawada, Andhra Pradesh, AquaExchange’s mission is to improve the availability, sustainability, and quality assurance of seafood and animal protein supply chains globally, ensuring technology-backed food security for the future. 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. The platform enables farmers, producers, and supply chain participants to digitise and optimise operations at scale.

The company has emerged as a category leader in the sector, becoming the first aquaculture technology company in India to automate more than 25% of Indian shrimp farms. Its revenue is projected at INR 275 Cr in FY 26, and its technology-division revenues have grown sixfold over the past year, reflecting accelerating adoption of digital infrastructure across aquaculture markets.

Today, AquaExchange’s IoT and AI operations span five Indian states. Globally, the company’s platform monitors over 80,000 acres of aquaculture farms. AquaExchange also operates in three international markets: Ecuador, Saudi Arabia, and Madagascar, and has been onboarded as a technology partner by three of the world’s largest shrimp producers.

AquaExchange expects to achieve EBITDA profitability within the current financial year, reflecting the operating leverage and scalability of its technology platform.

Pavan Kosaraju, Founder of AquaExchange, said: "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."

The company has helped improve crop success rates to approximately 85% on farms utilising AquaExchange’s proprietary technology platform (including IOT devices, AI-driven predictive health monitoring engine and continuous on-ground advisory), compared with the industry benchmark of 55-60%.

Beyond farm automation, AquaExchange has also pioneered embedded finance solutions for aquaculture, enabling farmers to access formal crop loans and working capital from financial institutions that have historically underserved the sector. The company has developed comprehensive crop disease insurance frameworks in partnership with insurers and, in collaboration with NABARD, created India’s first shrimp farm risk scoring framework, helping establish structured credit pathways for aquaculture farmers.

The AquaExchange platform also enables digital traceability and quality assurance across the seafood value chain, working with organisations such as the Global Dialogue on Seafood Traceability (GDST) and the Monterey Bay Aquarium, while aligning with international certification standards, including ASC.

The timing of AquaExchange’s expansion coincides with structural tailwinds across global seafood markets. Rising global protein demand, declining wild capture fishing, and new trade corridors emerging through India’s free trade agreements with the EU, Australia, and the United States will necessitate the need for rapid adoption of scalable, technology-driven aquaculture infrastructure.

Anvesh Ramineni, Partner at Endiya Partners, said: "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. We are proud to support the AquaExchange team as they continue to scale and fulfill their vision of leading the evolution of India's aquaculture sector."

Rahil Rangwala, Managing Partner of Accion Ventures, said: "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."

The new capital will enable AquaExchange to scale its international technology business, expand domestic market share, and deepen its presence across upstream segments of the aquaculture value chain. The company also plans to extend its proven full-stack technology platform into additional agri-asset classes where its integrated infrastructure can unlock similar efficiencies.