Aquaconnect, a startup in the aquaculture sector, has successfully secured $4 million in funding from investors for the expansion of its aquaculture business. The company announced the completion of a Pre-Series B funding round led by S2G Ventures, raising around Rs 33 crore. Aquaconnect plans to use the newly acquired capital to further scale its operations and extend its presence in key aquaculture production states in India, including recent expansions in West Bengal, Uttar Pradesh, and Assam.
Aquaconnect operates as a comprehensive aquaculture platform with integrated fintech, employing satellite remote sensing and artificial intelligence to enhance efficiency in the fish and shrimp farming industry. The platform facilitates market connections for aquaculture farmers, retailers, and seafood buyers, improving access to farm inputs and post-harvest markets.
The company also provides formal credit to its retail partners and seafood buyers to support their working capital requirements and business expansion. In the past, Aquaconnect secured $15 million in Series A funding, with backing from investors such as Lok Capital, Louis Dreyfus Company (LDC) Ventures, Suneight Investments, AgFunder, Omnivore, Rebright Partners, Flourish Ventures, and Hatch Blue. With the recent funding round led by S2G Ventures, Aquaconnect has raised a total of $32 million in funding.
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