Aquapulse Nets ₹25 Cr in Series A Funding
Aquaculture-focused agritech startup Aquapulse has secured ₹25 Cr (about $2.7 Mn) in its ongoing Series A funding round, led by NABVENTURES via its AgriSURE Fund. The investment will be used to establish an in-house processing facility, expand the farmer network, and invest in AI-led harvest systems.
Details
The Series A funding round is ongoing, with NABVENTURES leading the investment through its AgriSURE Fund. Aquapulse plans to use the capital to enhance quality control and margins by setting up an in-house processing facility. Additionally, the startup will expand its farmer network to 15,000 farmers across Odisha, Andhra Pradesh, and West Bengal, while also strengthening its technology stack. The funds will also be allocated to AI-led harvest systems and improving the tech-driven transparent pricing model.
Company Background
Founded in 2022 by Abhishek and Abhilash Dwivedy, Aquapulse is an agritech startup based in Bhubaneswar. The company helps shrimp and fish farmers run their businesses more efficiently using technology. Aquapulse offers an app-based monitoring system to track water quality, predict shrimp growth, and manage feed, allowing farmers to make timely decisions and improve productivity.
Market Context
The investment in Aquapulse highlights the growing interest in the aquaculture sector, which is largely driven by fish and shrimp production in India. The country’s seafood export value has grown by over 40% in the past few years, with shrimp contributing close to 70% of the total export value. Aquapulse’s focus on technology and AI-led systems positions the company to capitalize on this growing market and improve the efficiency of aquaculture operations.
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Source: Inc42