Aquaconnect, India’s leading full-stack aquaculture platform, emerged as a winner in the ‘Most Innovative Agtech (Mature Startup)’ award category at the recently organised fourth edition of FICCI Summit and Awards for Agri Startups. The latest edition felicitated high-impact innovations in the Indian Agri and allied value chains.
Founded in 2017, Aquaconnect works with fish and shrimp farmers to improve farm productivity, financial access, and market linkage through intelligent technology solutions. Since its inception, Aquaconnect has been working to navigate the challenges in the aquaculture value chain through an integrated tech-driven approach. The startup is helping connect aquaculture farmers with stakeholders in the value chain, such as feed producers, farm equipment manufacturers, banks, insurers, importers, processors, exporters, and certifying bodies. Aquaconnect has assisted over 60,000 farmers through its unique artificial intelligence (AI) and GIS-powered advisory platform. Aquaconnect’s data-enabled fintech solutions aim to bring transparency for BFSI (Banking, Financial Services and Insurance) stakeholders to engage with aquaculture farming communities efficiently.
You may also like to read: Airtel Business and IBM deploy hybrid cloud solution to benefit 500,000 milk farmers
Speaking on the achievement, Rajamanohar, CEO, Aquaconnect said, “India is the second-largest aquaculture producer, yet the market is traditionally driven by unscientific farming practices and poor inclusion of technology. Add to that, lack of access to formal credit and insurance undermines the ambitions and profits of aquaculture farmers. The need of the hour is to build intelligent tech solutions that transform the aquaculture value chain and create sustainable farmer livelihoods. We, at Aquaconnect, continue to work towards making this possible with a sharp focus on innovations that create impact. The recognition is a testimony of our commitment to emerging stronger as a trusted aquaculture partner for all stakeholders in the value chain.”
Through the years, Aquaconnect has evolved and works with various stakeholders in the aquaculture value chain to drive responsible production and consumption, improve efficiency, transparency, and increase value realisation through tech intervention. It aims to promote sustainable fisheries among the farming communities and works with 60,000+ farmers in various states of India. Aquaconnect is backed by leading domestic and international investors like Omnivore, Rebright Partners, Flourish Ventures, AgFunder, Hatch, and 6G capital.