Aquaculture fintech startup, AquaExchange raised $3 million in Pre-Series A funding from Endiya Partners and Accion Venture Lab.
AquaExchange aspires to revolutionise aquafarming in India and around the world. It provides a fintech-enabled ecommerce platform, farm automation and monitoring tool called NextAqua, and a market linkage platform that helps small farmers accurately price their harvest and sell it in the market to help improve aquafarmers' productivity. AquaExchange plans to use the funds to improve its technology and ecommerce operations, as well as to expand its farm automation services. It intends to provide farm automation services to over 1 lakh acres of farmland by FY23.