AquaExchange raises $3 mn from Endiya Partners, Accion Venture Lab

AquaExchange, India’s shrimp trading platform, has raised $3 million in pre-Series A funding from Endiya Partners and Accion Venture Lab, with participation from existing investors. The company will deploy the capital in strengthening its technology, e-commerce operations & expanding its farm automation footprint to over 100,000 acres of farms by the end of FY23.

The startup operates across the value chain through: a) fintech enabled e-commerce platform – that offers prices directly from manufacturers; b) ‘hardware-as-a-Service’ model for farm automation –IoT devices under the brand name ‘NextAqua’ - on subscription basis - for automated feeding and 24x7 farm monitoring; and