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Aquaculture startup AquaExchange raises $6 million in funding led by Ocean 14 Capital

Jan 29, 2024•over 1 year ago

Amount Raised

$6 Million

IndiaInformation Technology

Investors

Accion Venture LabEndiya PartnersOcean 14 Capital

Description

Aquaculture startup AquaExchange has raised $6 million in a funding round led by Ocean 14 Capital. Existing investors, including Endiya Partners and Accion Venture Lab, also participated in the round. The funds will be used to scale the adoption of the company’s full-stack business model including farm automation, crop financing and harvest procurement. The startup also plans to focus its efforts on a few international markets for device exports.

Company Information

Company

AquaExchange

Location

India

About

“AquaExchange aims to bring transparency, efficiency and enhanced yield through innovative ideas and practices across the value chain in Aqua sector comprising of shrimp and fish farming.” AquaExchange is marketplace mobile app for connecting Aqua Farmers with aquaculture input providers like hatcheries, feeds, etc. and also the aquaculture market research providers and consultants.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers