Agrifood Tech | January 31, 2024

Aquaconnect raises $4 million to link India’s fish farmers to supplies and markets

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, January 31 – Chennai-based Aquaconnect supports fish and shrimp farmers with remote monitoring and access to cold storage, logistics and buyers. The startup helps farmers predict their need for feed and plan for harvest and sales. It also facilitates their sales by providing working capital to more than 500 retailers and 20 seafood buyers.

Sustainable food and energy investor S2G Ventures led the company’s $4 million pre-Series B financing round. Aquaconnect last year raised a $15 million Series A round from impact investors Omnivore and Lok Capital, as well as AgFunder, Flourish Ventures, Hatch Blue and others.

Consumer demand

Aquaconnect is growing in the states of West Bengal and Uttar Pradesh and expanding into Assam. Uttar Pradesh, India’s most populous state, is an inland territory with active fish and shrimp farming in fresh and saltwater tanks and waterways. West Bengal is India’s second-largest fish producer (after Andhra Pradesh).