AquaExchange, a startup in aquaculture technology and fintech, secures $6 million in Series A funding for expansion. Ocean 14 Capital led the investment round, joined by existing investors Endiya Partners and Accion Venture Labs. Based in Vijayawada, AquaExchange is driving technological advancements in aquaculture.

Utilizing its technology, the company enhances crop yields, minimizes crop risks and addresses escalating input costs. Their devices facilitate farm automation, enhancing crop visibility for lenders and customers, resulting in better prices and reduced costs for farmers. The funding will be deployed to expand the company's comprehensive business model, encompassing farm automation, crop financing, and harvest procurement. AquaExchange also intends to concentrate on specific international markets for exporting their devices.

Pavan Kosaraju, Aqua Exchange's Founder, expressed that this funding round reinforces the company's leadership in aquaculture technology and fintech. He emphasized plans to refine and expand their distinctive reinforcement framework, promoting sustainable practices among farmers through immediate incentives. The objective is to equip more aquaculture farmers with the right technology, enhancing efficiency and promoting global protein sustainability.