A pioneered chain start-up making the use of AI & satellite remote sensing to bring transparency and efficiency in the aquaculture value chain, Aquaconnect has lifted a $4 million (Rs. 33 Crore) Pre-Series B funding round led by S2G Ventures.

Leveraging satellite remote sensing and artificial intelligence, the Aquaconnect is acts as a full-stake platform embedded with embedded fintech to develop the effectiveness of stakeholders in the industry of fish farming.

The Chennai-based startup, Aquaconnect will operate the new funding capital for Aqua tech to maintain its operations to extent level and boost its coverage of the key states in India playing prominent role in aquaculture production.

Remarking on the Pre-Series B funding round, Rajamanohar Somasundaram, Founder & CEO of Aquaconnect says, “The funds come at a critical juncture as we gear up for our next phase of growth to capture new opportunities, with an intense focus on expanding our operations in major markets. This expansion is more than just scaling.”

In the same way, Kate Danaher, Managing Director, S2G Ventures says “Aquaconnect’s full-stack solution is revolutionising aquaculture in India through reliable access to a diverse set of farming input products, working capital financing, marketplace commerce, and streamlined logistics”

The inventive startup is supported by key investments from Omnivore Partners, Hatch Accelerator, Flourish Ventures, Rebright Partners, AgFunder, Lok Capital, LDC, Suneight Investments, and 6G Capital.