Aquapulse Secures $2.85 Million in Series A Funding Led by NABVENTURES

Aquapulse Secures Series A Funding

Aquapulse, an integrated aquaculture technology startup, has successfully raised $2.85 million (Rs 25 crore) in a Series A funding round. The investment was led by NABVENTURES Ltd, the venture capital arm of NABARD, through its AgriSURE Fund.

Company Background and Vision

Founded in 2022 by Abhishek Dwivedy, who also serves as the CEO, Aquapulse aims to revolutionize India's seafood value chain. The company addresses structural inefficiencies by integrating aquaculture, infrastructure, and technology. "Our goal is to create India's first integrated aquaculture ecosystem," said CEO Abhishek Dwivedy.

Aquapulse focuses on supporting smallholder shrimp farmers by providing them with AI-driven pre-harvest systems. These systems monitor pond-level parameters such as water quality, disease risk, and feed optimization. This technology helps farmers improve feed conversion ratios and enhance output quality, directly impacting their profitability.

Use of Funds

The newly acquired funds will be utilized to expand Aquapulse's operations and establish a state-of-the-art in-house processing facility. This facility aims to improve quality control and enhance margins. Additionally, Aquapulse plans to enhance its AI models, which manage grading, cold chain logistics, and compliance workflows, thereby improving transparency in price discovery and assuring offtake pricing.

Strategic Investment

NABVENTURES Ltd's investment in Aquapulse highlights the growing interest in innovative solutions within the aquaculture sector. With this financial backing, Aquapulse is poised to strengthen its market position and continue addressing the challenges faced by smallholder shrimp farmers in India.

This Series A funding round marks a significant milestone for Aquapulse as it continues to build and expand its integrated aquaculture ecosystem, aiming for a more transparent and efficient seafood value chain.