The startup will use the fresh funding to ramp up its operations, expand its footprint, shore up its tech stack, diversify product portfolio and double its network of partners
Backed by names such as AgFunder, Omnivore and Rebright Partners, Chennai-based Aquaconnect claims to have scaled up its revenues by 4X in the last fiscal year
Founded by Rajmanohar Somasundaram, Aquaconnect is a full-stack aquaculture platform that operates last-mile touchpoints and even offers credit services to its retail partners
Chennai-based full-stack aquaculture startup Aquaconnect has raised $4 Mn (INR 33 Cr) as part of a Pre-Series B funding round led by US-based S2G Ventures.“The investment from S2G reinforces our mission of transforming the Indian aquaculture landscape through a phygital approach. The funds come at a critical juncture as we gear up for our next phase of growth to capture new opportunities, with an intense focus on expanding our operations in major markets,” said Aquaconnect founder and chief executive officer (CEO) Rajmanohar Somasundaram.
The startup will use the fresh funding to ramp up its operations and expand its footprint across the country. The capital will also be deployed to shore up its tech stack, diversify product portfolio, venture into new segments and double its network of partners in the next six months.