Synopsis AquaExchange will use the capital for improving its technology and expanding operations. AquaExchange, a fintech platform catering to India's shrimp and fish ecosystem, said it has raised $3 million in funding from Endiya Partners , Accion Venture Lab , and other existing investors. The firm plans to deploy the capital for improving its tech, e-commerce operations and expanding to over 1 lakh acres of farm land by March 2023. "At AquaExchange , the focus is to add value to the aquaculture farming process through the use of advanced technology. Our IoT devices and automatic feeders installed at scale are helping farmers with higher reliability/efficiencies in terms of aeration and feed management, and generating ROIs within the first quarter of usage," said Pavan Kosaraju, founder of AquaExchange. Kosaraju believes future aquaculture farmers should be equipped with the right data at the right time to ensure higher crop successes and increase in farming productivity. "This will help other players in banking, financial services, and insurance to work with farmers and unlock industry-wide efficiencies," he added. Started in 2020 by Kosarajau, AquaExchange provides a fintech-enabled e-commerce platform that offers high-quality materials at affordable prices from manufacturers, a 'Hardware-as-a-Service' platform for farm automation… Read full this story
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Fintech platform AquaExchange raises $3 million in funding from Endiya Partners have 291 words, post on economictimes.indiatimes.com at June 30, 2022. This is cached page on The World Articles. If you want remove this page, please contact us.