Building a transparent tech-enabled aquaculture ecosystem
AquaExchange is a technology platform that leverages data analytics on shrimp and fish production to reduce crop expenses, manage crop finance, automate procurement and harvest facilitation for aquaculture farmers. It uses patented IoT devices and fintech services to enhance transparency and efficiency and so improve productivity and profitability for the aquaculture ecosystem.
- Aquaculture
- www.aquaexchange.com
Founders
- Pavan Kosaraju
Founders
- Pavan Kosaraju
Harnessing the Internet of Things and leveraging data analytics to improve productivity and profitability for the aquaculture ecosystem.
AquaExchange uses patented IoT devices and fintech services to enhance transparency and efficiency for shrimp and fish production to reduce crop expenses, manage crop finance, automate procurement and harvest facilitation for aquaculture farmers.
Founded in 2020, AquaExchange automates large areas of shrimp farming operations in India, currently equivalent to 12% of the local industry. It launched PowerMon & AquaBot, IoT-enabled devices involved in aerator monitoring and automation of shrimp feeding.
AquaExchange expanded its offering to include full stack services such as facilitating finance, input and output sales, and market linkage through a proprietary software platform. It has also developed innovative solutions such as self-test Vibrio kits, prebiotics, probiotics, and traceability systems in collaboration with other partners such as HiMedia, Karyotica, Imkuraq, and WholeChain.
The company has partnered with various players in the ecosystem including hatcheries, feed mills, medicine and equipment manufacturers, processing companies, and banks with the aim to harness data to improve transparency and efficiencies across the entire aquaculture sector value chain.