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Aquaconnect raises $4 million in pre-series B funding round led by S2G Ventures

Jan 31, 2024almost 2 years ago

Amount Raised

$4 Million

Round Type

seed

ChennaiFisheries

Investors

S2 G Ventures

Description

Aquaconnect raises $4 million in pre-series B funding round led by S2G Ventures. The funds will be utilized to expand operations, enhance aquaculture production, and double the Aqua Partner network in India.

Company Information

Company

Aquaconnect

Location

Chennai, Tamil Nadu, India

About

Aquaconnect is a full-stack aquaculture technology platform with embedded fintech, supported by a phygital distribution network. We are pioneering the use of AI and satellite remote sensing to bring transparency and efficiency to the seafood value chain. Our Aqua Partners network (farm input retailers) provides last-mile connectivity in the six major production states to enable farmers’ access to advisory and farm inputs. Additionally, we are enabling direct post-harvest linkages between farmers and seafood buyers through our AquaBazzar program, helping them sell their harvested produce for better value realisation. Our AquaCRED program provides formal credit to retailers and seafood buyers to ease their working capital needs and upscale their businesses. Aquaconnect is currently focusing on climate-tech solutions by leveraging AI and satellite remote sensing capabilities to decarbonize the seafood value chain from quantifying emissions to strategizing countermeasures. Our efforts have been appreciated and recognised by several esteemed organisations including the Paris Peace Forum, Google, GIIF- World Bank, TGS 100, NASSCOM, FICCI, Forbes, and Fast Company etc., We were officially recognized as Great Place to Work in 2023!

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers