Aquaconnect raises $4 million in pre-Series B

CHENNAI: Aquaconnect, a full-stack aquaculture platform with embedded fintech capabilities, has completed a $4 million pre-Series B funding round led by S2G Ventures.

Aquaconnect will use the capital to scale its operations and enhance coverage of the major aquaculture production states in India.

The company has recently expanded its footprint in West Bengal, Uttar Pradesh, and Assam and achieved 4x revenue growth in the last fiscal year. The startup leverages satellite remote sensing and artificial intelligence to improve efficiency of stakeholders in the fish and shrimp farming industry,

With this new funding, Aquaconnect also seeks to double its 'Aqua Partners' network in the next six months, strengthening post-harvest linkage solutions and expanding its product portfolio with farmer-focused innovations and formal credit services. Aqua Partners are rural entrepreneurs who provide last-mile assistance to farmers.

Last year, the startup raised $15 million as part of its Series A round backed by investors such as Lok Capital, Louis Dreyfus Company (LDC) Ventures, Suneight Investments and others.



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