“Aquaconnect”, India’s leading aquaculture startup has been listed in the inaugural Forbes Asia 100 to Watch List. Forbes list spotlights outstanding small companies and startups on the rise across the Asia-Pacific region. The list features two aquaculture startups and other startups in 10 categories across 17 nations and territories across the Asia-Pacific region.
Aquaconnect that was founded in 2017 is the pioneer of data and tech enabled aqua farming in the country. It is a full-stack aquaculture technology venture that works with shrimp and fish aquaculture farmers to boost their farm productivity through Artificial Intelligence and Satellite Remote Sensing Technology.
Aquaconnect aims to promote sustainable aqua farming among the farming communities and currently works with more than 35,000 farmers in various states of India. The company is working towards creating market linkages, formal finance and insurance accessibility for the Indian aqua farmers.
CEO & Founder of Aquaconnect, Rajamanohar Somasundaram said, I am thrilled to learn that we are one of few Indian ag-tech startups that made it to the prestigious “Forbes Asia 100 to watch” list.
India is the second largest global aquaculture player with a market value of about $20 billion. Aquaconnect’s technology innovations are aiming to improve the efficiency of India aquaculture value chain by bringing transparency, traceability and predictability across the value chain players. I believe Forbes listing is a great validation of our initiatives in making the Indian seafood industry sustainable and promoting responsible production & consumption.
He added, “We support the Government of India’s vision to empower the aquaculture sector with a data-driven approach. We have evidently increased the tech adoption among 35,000 Indian aqua farmers and driven sustainable farming practices in every culture operation to improve their productivity & income. Our mission is to drive sustainability and improve the value chain with responsible production and consumption practices.”
In addition to a farm advisory and an online shop for equipment & supplies, the company provides financing, insurance, market linkage and a network for farmers to connect with potential customers. The company had raised $4 million last month in pre-Series A round led by Rebright Partners and Flourish Ventures. AgFunder and 6G Capital also participated in this round, along with existing investors Omnivore and HATCH-Norway.
