AquaExchange Raises $8M Series B for Aquaculture Tech

Vijayawada-based aquaculture technology startup AquaExchange has closed an $8 million Series B funding round, co-led by Endiya Partners and Factor Analytics, with participation from Accion Ventures and continued backing from Ocean 14 Capital. The March 10, 2026 announcement marks a significant milestone for the company modernizing the global seafood and animal protein supply chain through IoT automation, AI-driven farm monitoring, and embedded finance solutions. The round values AquaExchange at approximately $41 million — a 74% surge from its Series A valuation. For more Indian startup funding news, visit KnowStartup — India’s startup media platform.

AquaExchange Series B: Funding Details and Investor Stakes

According to filings with the Registrar of Companies (RoC), AquaExchange’s board approved the issuance of 67,324 Series B Compulsorily Convertible Preference Shares (CCPS) and 20 equity shares at Rs 1,068.38 per share to raise approximately Rs 72 crore.

Endiya Partners and Factor Analytics each invested Rs 30 crore and hold an 8.06% stake each. Accion Ventures invested Rs 12 crore, holding a 9.68% stake. The current round follows a $6 million Series A in January 2024 and a $3 million pre-Series A in June 2023.

AquaExchange’s Aquaculture Technology Platform and Global Market Reach

Founded by Pavan Kosaraju (CEO), Hemasundar Dhavili (COO), Kareem Mohammod (CIO), and Kiran Bandi (CBO), AquaExchange has built a full-stack technology ecosystem integrating IoT automation, proprietary AI/ML analytics, real-time farm monitoring, embedded finance, and market linkages.

The company is the first aquaculture technology firm in India to automate more than 25% of the country’s shrimp farming acreage. Its platform monitors over 80,000 acres of aquaculture farms across five Indian states and three international markets: Ecuador, Saudi Arabia, and Madagascar. It has been onboarded as a technology partner by three of the world’s largest shrimp producers.

AquaExchange’s operating revenue rose 2.3x to Rs 240.51 crore in FY25, up from Rs 104.88 crore in FY24. Technology division revenues have grown sixfold over the past year.

IoT Devices, AI Predictive Health Monitoring, and Crop Success Rates

The company’s flagship products include PowerMon, a power management device, and AquaBot, an automated feed management system. Farms using AquaExchange’s platform — combining IoT devices, AI-driven predictive health monitoring, and on-ground advisory — have achieved crop success rates of approximately 85%, against the industry benchmark of 55–60%.

Embedded Finance and Seafood Traceability Across the Supply Chain

AquaExchange has pioneered embedded finance solutions for aquaculture farmers, enabling access to formal crop loans and working capital from institutions that have historically underserved the sector. In collaboration with NABARD, the company developed India’s first shrimp farm risk scoring framework, creating structured credit pathways for farmers.

Its platform also enables digital traceability and quality assurance across the seafood value chain, in partnership with the Global Dialogue on Seafood Traceability (GDST) and the Monterey Bay Aquarium, aligned with ASC international certification standards.

Investor Reactions: Endiya Partners and Accion Ventures Speak on AquaExchange’s Growth

“We are thrilled to continue supporting AquaExchange at such a pivotal stage in their growth. 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.” — Anvesh Ramineni, Partner, Endiya Partners

“As aquaculture farmers in India, and globally, face increased economic and environmental challenges, they require more advanced solutions for financing, crop insurance, and farming technologies.” — Rahil Rangwala, Managing Partner, Accion Ventures

What AquaExchange’s Series B Means for the Global Aquaculture Industry

The fresh capital will fund AquaExchange’s international technology expansion, domestic market growth, and deeper presence across upstream aquaculture segments. The company also plans to extend its platform into additional agri-asset classes.

AquaExchange expects to achieve EBITDA profitability within FY26. The raise coincides with structural tailwinds — rising global protein demand, declining wild capture fishing, and new trade corridors through India’s free trade agreements with the EU, Australia, and the United States.

About the Author

Sachin

Sachin Sidharth is a Digital Marketing professional with a master’s degree in Digital Marketing from Coventry University, UK. He has 10+ years of blogging and online marketing experience. He currently heads Digital Acquisition for a leading London-based Fintech firm. At KnowStartup.com He focuses on writing Digital Marketing guides and manages...