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AquaExchange Raises $8M Series B to Accelerate Technology-Led Transformation Across Global Aquaculture Markets

StartupTalky

StartupTalky · 2h ago

AquaExchange Raises $8M Series B to Accelerate Technology-Led Transformation Across Global Aquaculture Markets

AquaExchange, an Indian aquaculture technology company, successfully raised $8 million in a Series B funding round led by Endiya Partners and Factor Analytics, with support from existing and new investors. Founded by Pavan Kosaraju and others, the company aims to transform global aquaculture sectors by leveraging IoT automation and AI/ML analytics. AquaExchange supports automation across 25% of India’s shrimp farming acreage and plans to expand internationally, enhancing sustainable seafood supply chains.

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AquaExchange raises $8 Mn in Series B round at $41 Mn valuation

Entrackr

Entrackr · 2h ago

AquaExchange raises $8 Mn in Series B round at $41 Mn valuation

AquaExchange raises $8 Mn in Series B round at $41 Mn valuation Aquaculture technology startup AquaExchange has raised $8 million (around Rs 72 crore) in its Series B funding round, co-led by Endiya Partners and Factor Analytics, with participation from Accion Ventures and support from Ocean 14 Capital. According to filings, the round was co-led by Endiya Partners and Factor Analytics, with investments of Rs 30 crore each, followed by Accion Ventures, which invested Rs 12 crore. AquaExchange's valuation has surged around 74% to Rs 372 crore (approximately $41 million) in the latest round, compared to Rs 214 crore during its Series A funding in January 2024. The fresh capital will be used to expand its international technology business, grow domestic market share, and strengthen its presence across the aquaculture value chain. Endiya Partners holds a 16.2% stake, followed by Accion Venture with 9.68% and Factor Analytics with 8.06%. Founded by Pavan Kosaraju, Hemasundar Dhavili, Kareem Mohammod, and Kiran Bandi, AquaExchange helps aquaculture farmers leverage technology to improve crop yields, reduce crop risks, and manage rising input costs. Its product portfolio includes PowerMon, a power management device, and AquaBot, an automated feed management system. The company claims to be the first aquaculture technology firm in India to automate more than 25% of the country’s shrimp farming acreage. Its platform currently monitors over 80,000 acres of aquaculture farms globally and operates across five Indian states, along with international markets such as Ecuador, Saudi Arabia, and Madagascar. The company’s operating revenue rose 2.3X to Rs 240.51 crore in FY25 from Rs 104.88 crore in FY24, while its losses increased to Rs 12.71 crore from Rs 9.35 crore during the same period. The company also claims to achieve EBITDA profitability within the current financial year.

AquaExchange Secures $6 Mn Funding To Automate Aquaculture In India

Inc42 · 2y ago

AquaExchange Secures $6 Mn Funding To Automate Aquaculture In India

Hyderabad-based aquaculture startup AquaExchange has raised $6 million in a Series A funding round led by Ocean 14. The funds will be used to scale up the adoption of its platform and expand into international markets for exports. AquaExchange offers IoT-powered feed automation and power management devices for farmers, as well as a marketplace for aqua farmers to access seeds, feed, and other products. The company claims to have automated more than 10% of all shrimp farms in India and deployed its devices across thousands of acres. India's aquaculture industry is predicted to reach a market size of $29.37 billion by 2028.

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

Economic Times

Economic Times · 2y ago

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

Aquaculture startup Aquaexchange has raised $6 million in funding, led by Ocean 14 Capital. The company plans to utilize the funding to expand its operations and strengthen its technology platform for the aquaculture industry. Aquaexchange offers a digital marketplace for buying and selling seafood products, making the process more efficient and transparent for both buyers and sellers.

SpotDraft Raises $8M Series B Extension | The SaaS News

The Saas News

The Saas News · 1m ago

SpotDraft Raises $8M Series B Extension | The SaaS News

SpotDraft, an AI-powered contract lifecycle management platform based in New York, secured $8 million in a Series B extension led by Qualcomm Ventures with contributions from existing investors like Vertex Growth Singapore and Prosus Ventures. The funding aims to enhance SpotDraft's AI and product features, expand its enterprise presence globally, and accelerate on-device AI adoption for secure contract management. SpotDraft serves clients such as Apollo.io and Panasonic, offering AI-powered solutions to optimize legal operations.

B2B Procurement Platform Zinit Raises $8M to Scale AI-Driven Sourcing

StartupTalky

StartupTalky · 3m ago

B2B Procurement Platform Zinit Raises $8M to Scale AI-Driven Sourcing

Zinit, a B2B procurement platform, raised $8 million in a seed round led by AltaIR Capital to expand its AI-driven sourcing solutions, particularly in India. With veteran Naveenn Suri joining as Regional Director, Zinit aims to address India's rapid digital transformation needs. The platform automates supplier discovery and negotiation, cutting sourcing cycles by 40% and cost savings by 30%. The funding will enhance Zinit's AI roadmap and international growth efforts in fast-growing markets.

Physician engagement startup Doceree raises $35 million led by Creaegis

Economic Times

Economic Times · 2y ago

Physician engagement startup Doceree raises $35 million led by Creaegis

Physician engagement startup, Doceree, has secured $35 million in a Series B funding round led by Creaegis. The funding will be used to accelerate product development, enhance technologies, expand global operations, and grow the team. Doceree helps pharmaceutical and life-sciences companies and healthcare media agencies reach healthcare professionals through programmatic messaging on their networks and digital workflows.

Sequretek protecting SMBs from cyber threats raises $8M led by Omidyar Network India, others

IndianStartupNews

IndianStartupNews · 2y ago

Sequretek protecting SMBs from cyber threats raises $8M led by Omidyar Network India, others

Mumbai-based cybersecurity solutions provider Sequretek has raised $8 million in a Series A funding round. The investment, led by Omidyar Network India, will be used to scale up global operations and go-to-market strategies, as well as increase adoption of cybersecurity solutions for businesses in India and other markets. Sequretek protects businesses from cyber breaches through its AI-powered Percept Cloud Security Platform, serving sectors including finance, healthcare, manufacturing, and retail. The firm aims to make cybersecurity more accessible and create awareness with integrated solutions for small and medium-sized businesses.

DeepIP Raises $25 Million in Series B | The SaaS News

The Saas News

The Saas News · 2d ago

DeepIP Raises $25 Million in Series B | The SaaS News

DeepIP, an AI-powered patent platform based in New York and Paris, secured $25 million in Series B funding, bringing its total to $40 million. Co-led by Korelya Capital and Serena, with participation from Balderton Capital and Headline, the funding aims to accelerate AI integration across the patent lifecycle and expand platform capabilities. Founded by François-Xavier Leduc and Edouard d’Archimbaud, DeepIP serves patent law firms and corporate IP organizations in Europe and the U.S.

ZOFF Foods raises $2 million in Pre-Series B round from JM Financial Private Equity

StartupTalky

StartupTalky · 2h ago

ZOFF Foods raises $2 million in Pre-Series B round from JM Financial Private Equity

ZOFF Foods, a spice brand from Raipur, secured $2 million in a Pre-Series B funding round led by JM Financial Private Equity, along with Aman Gupta from boAt. The funding will bolster offline distribution, marketing, and sales, and accelerate expansion in India. ZOFF Foods, known for purity and hygiene in spice production, aims to deepen its presence across general retail and e-commerce while expanding its product offerings in the competitive spices market.

Ecommerce logistics startup Locad raises $9 million in new funding

Economic Times

Economic Times · 1y ago

Ecommerce logistics startup Locad raises $9 million in new funding

Singapore-based ecommerce logistics startup Locad has raised $9m in a pre-Series B funding round to accelerate expansion in Saudi Arabia and the United Arab Emirates. The round was co-led by Global Ventures and existing investor Reefknot Investments. Locad provides logistics services including warehousing and order fulfilment, integrating with platforms such as Amazon and Shopify. The firm also plans to use the funds to enhance its artificial intelligence-driven features and develop better analytics for demand and inventory management. Locad raised $11m in a series A round last year.

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