Agritech company AquaExchange has raised $8 million in a Series B funding round co-led by Endiya Partners and Factor Analytics, with participation from existing investor Accion Ventures, along with Ocean 14 Capital.
The company will use the fresh capital to scale its international technology business, expand domestic market share, and deepen its presence across upstream segments of the aquaculture value chain.
The funding follows the company's earlier rounds and comes as AquaExchange has automated more than 25% of Indian shrimp farms. The company projects its revenue to grow to ₹275 crore in FY26, with technology-division revenues growing 6x over the past year.
Pavan Kosaraju, Founder of AquaExchange, said the funding marks a pivotal moment in the company's growth. "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."
Founded by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod, and Kiran Bandi, and headquartered in Vijayawada, Andhra Pradesh, 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 platform currently monitors over 80,000 acres of aquaculture farms globally, with operations spanning five Indian states and three international markets—Ecuador, Saudi Arabia, and Madagascar. The company has also been onboarded as a technology partner by three global shrimp producers.
A significant portion of the Series B funds will be deployed to scale AquaExchange's international technology business, AquaExchange said, with the company also planning to extend its proven platform into additional agri-asset classes. It expects to achieve EBITDA profitability within the current financial year.
"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," Anvesh Ramineni, Partner at Endiya Partners, said on the investment.
Rahil Rangwala, Managing Partner of Accion Ventures, added, "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."
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