What AquaExchange does

AquaExchange is an IoT-powered aquaculture technology company founded in 2020 and headquartered in Vijayawada, Andhra Pradesh, India (with a registered office in Visakhapatnam). It builds a full-stack platform for shrimp and fish farmers that combines 16 proprietary IoT hardware devices with the NextFarm mobile application. The hardware portfolio covers the full pond lifecycle: PowerMon and PumpMon monitor power and water flow; AquaBot, Static Feeders, Smart Scale, Feed Mon, and Feed Mixer automate and optimize feeding; Starter manages aerators; WaterMon measures water quality; Patholense performs AI-powered pathogen detection; Shrimp Counter uses AI imaging for stock estimation; ProBrew Master brews probiotics; and CheckTray monitors feed consumption behavior. Together these products form what the company calls the "One Smart Ecosystem," currently monitoring over 80,000 acres of aquaculture farms across five Indian states and three international markets (Ecuador, Saudi Arabia, and Madagascar), with 20,000+ devices deployed.

The business model is multi-stream: one-time hardware sales of IoT devices, recurring SaaS/technology services through the NextFarm App (which grew sixfold year-over-year), crop financing for farm inputs and equipment, holistic disease insurance, and market linkage/ecosystem services that connect farmers directly to buyers. AquaExchange reaches customers through a hybrid go-to-market combining direct field sales in five Indian states, self-serve onboarding via the NextFarm App on iOS and Android, e-commerce direct device sales, and international expansion via local partnerships and event presence such as Ecuador Expo. The company targets small and medium aquaculture farmers, with customer testimonials indicating that its PowerMon device meaningfully changes farmer behavior and reduces crop loss from power failures.

AquaExchange operates as AquaExchange Agritech Private Limited, is led by founder and CEO Pavan Kosaraju alongside co-founders Hemasundar D (COO), Kareemullah Md (CIO), and Kiran Kumar (CBO), and employs 51-100 people. It has raised approximately $17 million across three priced rounds from a syndicate of repeat investors including Endiya Partners, Accion Venture Lab/Accion Ventures, Ocean 14 Capital, and Factor Analytics. Reported operating revenue was Rs 240.51 crore in FY25 (up 2.3x from Rs 104.88 crore in FY24) with a FY26 target of Rs 275 crore and a stated goal of reaching EBITDA profitability in the current financial year. Recognition includes awards from NITI Aayog, G20 India, MPEDA, the Global Seafood Alliance, and the Responsible Seafood Innovation Award.

Name

AquaExchange

Legal name

AquaExchange Agritech Private Limited

Website

https://aquaexchange.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

AquaExchange is an IoT and AI-powered aquaculture technology platform serving shrimp and fish farmers with 16 proprietary hardware devices, the NextFarm App, crop financing, insurance, and market linkage across India, Ecuador, Saudi Arabia, and Madagascar.

Ownership category

akta.pro rank

Product category

Aquaculture Technology

NAICS

Finfish Farming and Fish Hatcheries (112511), Aquaculture (11251)

SIC

Farm Machinery & Equipment (3523)

akta.pro primary industry

Aquaculture Farm Services & Operations Support (net cleaning, diving, grading, harvesting) (AFAEAAAM)

akta.pro secondary industry

Aquaculture Health, Biosecurity & Veterinary Services (AFAEAAAK)

Keywords

• Aquaculture IoT devices
• Shrimp farm automation
• Smart aquaculture platform
• Fish farming technology
• Aquaculture farm management

Headquarters

HQ city

Visakhapatnam

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. IoT Hardware Devices: Sale of proprietary IoT devices including PowerMon, AquaBot, FeedMon, WaterMon, Shrimp Counter, and other farm monitoring products. One-time hardware purchase model with ongoing software updates.
2. SaaS/Technology Services: Subscription-based technology platform services through NextFarm App providing farm management, data analytics, and monitoring capabilities. Technology services have grown sixfold over the past year and are positioned as primary profit driver.
3. Crop Financing: Financial solutions to support farmers' growth, including financing for farm inputs, equipment, and operational costs. Generates interest income from lending activities.
4. Insurance Services: Holistic disease insurance coverage protecting farmers against uncertainties, providing protection for their aquaculture investments.
5. Ecosystem Services / Market Linkage: Connecting farmers directly to markets for better pricing and increased profitability, facilitating harvest procurement and sales.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

AquaExchange operates a full-stack IoT- and AI-powered aquaculture technology platform for shrimp and fish farmers. The company sells a portfolio of proprietary IoT hardware devices (power monitors, automated feeders, water quality sensors, disease detection systems) managed through the NextFarm SaaS app, and complements them with crop financing, disease insurance, and direct market linkage services to connect farmers to buyers.

Product overview

AquaExchange operates as a full-stack technology platform for aquaculture management, combining a comprehensive IoT hardware ecosystem with software applications. The platform integrates 16 hardware products including Powermon for power monitoring, AquaBot and Static Feeders for automated feeding, Smart Scale and Feed Mon for feed optimization, WaterMon for water quality tracking, Patholense for disease detection, and PumpMon for infrastructure monitoring—all managed through the NextFarm App. This is complemented by supporting services including flexible financing, holistic disease insurance, and direct market linkage. The platform currently monitors over 80,000 acres globally with 20,000+ devices deployed across India, Ecuador, Saudi Arabia, and Madagascar, covering approximately 25% of India's active shrimp farming acreage.

Differentiator

Problem solved

Functional benefit

Products and services

• PowerMon

Quantifiable outcome

• Covers over 25% of India's active shrimp farming acreage
• +4 more outcomes

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability8 records

Feature9 records

Scale indicators7 records

Recent moves6 records

Expansion highlights7 records

Others

• Skretting (Nutreco): Global aquaculture feed manufacturer and aquaculture solutions provider. Ecosystem participant whose feed products are central to the aquaculture value chain that AquaExchange's feed-optimization tools serve.
• MSD Animal Health: Global animal health company with a dedicated aquaculture portfolio covering vaccines, pharmaceuticals, and diagnostics. Adjacent ecosystem participant whose disease-related products complement AquaExchange's Patholense pathogen detection platform.
• Cargill Aqua Nutrition: Major aquaculture feed and nutrition supplier with a growing digital and sustainability portfolio serving shrimp and fish farmers globally. Ecosystem participant rather than direct competitor, but a potential partner or competitor in farmer-facing digital tools.

Direct peers

• JALA Tech: Indonesia-based shrimp farming technology company offering IoT monitoring, data analytics, and farm management solutions. Comparable niche focus on shrimp aquaculture with a software/IoT-led approach.
• eFishery: Indonesia-headquartered aquaculture technology platform offering IoT smart feeders, farm management software, and embedded financing to fish and shrimp farmers. Closely comparable full-stack model targeting the same Southeast Asian / global shrimp value chain.
• Aquaconnect: India-based aquaculture technology platform providing farm advisory, IoT solutions, and market linkage for shrimp and fish farmers. Direct domestic competitor with overlapping product portfolio and customer base.
• XpertSea: Canada-based aquaculture technology company using AI-powered computer vision and IoT to help shrimp and fish farmers optimize stock counting, feeding, and growth. Comparable technology stack with AI/ML-driven farm insights.

Broad incumbents

• Innovasea: Established global aquaculture technology provider offering IoT sensors, fish tracking, and farm management software across multiple species. Broader incumbent with overlapping monitoring and analytics capabilities but a wider portfolio.
• AKVA Group: Norway-headquartered global supplier of aquaculture equipment and technology, including feeding systems, sensors, and software for fish farming. Broader incumbent with overlapping hardware/software offerings in the same industry.

Emerging players

• AquaEasy: Singapore-based aquaculture technology venture offering IoT-based water quality monitoring and farm analytics for shrimp farmers. Emerging player with partial overlap on monitoring devices and farm data analytics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds4 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AquaExchange