AquaExchange, a fintech platform catering to India’s shrimp and fish ecosystem, has raised $3 million in funding from Endiya Partners, Axion Venture Laband other existing investors.

The firm plans to infuse capital to improve its technology, e-commerce operations and expand agricultural land to over 1 lakh acres by March 2023.

“Feather Aqua ExchangeThe focus is on adding value to the aquaculture farming process through the use of advanced technology. Our IoT devices and automated feeders are helping large scale established farmers with higher reliability/efficiency in terms of aeration and feed management, and generating ROI within the first quarter of usage,” said Pavan Kosaraju, Founder, Aqua Exchange he said.

Kosaraju believes that the aquaculture farmers of the future should be equipped with the right data at the right time to ensure higher crop success and increased agricultural productivity.

“This will enable other players in banking, financial services and insurance to work with farmers and unlock industry-wide potential,” he said.

Launched in 2020 by Kosarajou, Aqua Exchange provides a fintech-enabled e-commerce platform that provides high quality content at affordable prices from manufacturers, a ‘hardware-as-a-service’ platform for farm automation and IoT devices to help farmers with automatic feeding. and enable 24×7 agriculture monitoring.

The global shrimp and fish market is projected to grow to $400 billion by 2027, according to the report.

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