Indian aquaculture startup, Aquaconnect, announced that it has successfully raised USD 4 million in a Pre-Series B funding round, with S2G Ventures leading the investment efforts.

Scaling Operations and Expanding Reach

Aquaconnect has ambitious plans for the newly acquired capital, with a primary focus on expanding its operations and increasing its presence in key aquaculture production states across India. The company has already made strides in this direction, with recent expansions in West Bengal, Uttar Pradesh, and Assam.

Aquaconnect distinguishes itself as a full-stack aquaculture platform equipped with embedded fintech capabilities. Leveraging advanced technologies such as satellite remote sensing and artificial intelligence, the company is dedicated to enhancing the efficiency of all stakeholders in the fish and shrimp farming industry.

Facilitating Market Linkages

One of Aquaconnect’s key offerings is its ability to establish crucial market linkages for aquaculture farmers, retailers, and seafood buyers. This connectivity aims to increase access to essential farm inputs and post-harvest markets, promoting a thriving aquaculture ecosystem.

In addition to market linkages, Aquaconnect also extends formal credit to its retail partners and seafood buyers. This financial support helps ease their working capital needs and provides them with the resources necessary to upscale their businesses effectively.

A History of Successful Funding Rounds

Aquaconnect’s recent Pre-Series B funding round is just the latest in a series of successful fundraising efforts. Last year, the company secured USD 15 million as part of its Series A funding round. This financial backing came from a diverse group of investors, including Lok Capital, Louis Dreyfus Company (LDC) Ventures, Suneight Investments, AgFunder, Omnivore, Rebright Partners, Flourish Ventures, and Hatch Blue.

With the successful conclusion of the Pre-Series B funding round, Aquaconnect’s total funding raised to date now stands at USD 32 million.