The capital will be deployed for expansion, followed by setting up a state-of-the-art in-house processing facility aimed at improving quality control and margins, expanding its current farmer network from 6,000+ to over 15,000+ across Odisha, Andhra Pradesh and West Bengal, and strengthening its technology stack. The company is also investing in AI-led pre- and post-harvest systems and its tech-led transparent pricing model.
Also Read: OpenAI raises $122 billion in boosted funding round
Founded in 2022 by Abhishek Dwivedy and Abhilash Dwivedy, Aquapulse operates at the intersection of aquaculture, infrastructure and technology, addressing structural inefficiencies in India’s seafood value chain. While smallholder shrimp farmers produce export-grade shrimp, they often remain disconnected from pricing mechanisms, infrastructure and end-market access. This fragmentation results in a multi-layered intermediary system, significantly limiting farmers’ share in the final value.
Aquapulse’s AI-driven pre-harvest systems monitor pond-level parameters such as water quality, disease risk and feed optimisation, enabling farmers to improve feed conversion ratios (FCR) and consistently enhance output quality. Better harvest planning aligns crop cycles with real-time demand, reducing wastage and strengthening demand–supply linkages. On the post-harvest side, Aquapulse manages grading, cold chain logistics and compliance workflows, while its AI models enable real-time price discovery and assured offtake pricing, improving transparency in an otherwise opaque ecosystem.
Commenting on the fundraise, Abhishek Dwivedy, Co-Founder, MD and CEO, Aquapulse, said, “We didn’t start with a market opportunity but started with a farmer’s problem. The cold chain exists because produce was spoiling. The processing exists because farmers were selling raw shrimp at a fraction of its finished value. The certifications exist because without them, you are locked out of every premium market. This round lets us put all of it together at a scale where it works for the farmer and for the business.”
India is currently the world’s second-largest shrimp producer and second-largest fish producer. Frozen shrimp accounts for over 43% of seafood export volumes and nearly 70% of export earnings. In FY25, India exported 7.42 lakh metric tonnes of frozen shrimp valued at USD 5.18 billion, contributing to total seafood exports of USD 7.45 billion. The domestic shrimp market, valued at USD 9.2 billion in 2024, is projected to reach USD 22.7 billion by 2033, growing at a CAGR of 10.1%.Ashish Choudhury, CIO, NABVENTURES, said, “Aquapulse’s ability to combine domain expertise with technology to solve structural inefficiencies in the aquaculture value chain positions it uniquely for long-term value creation. This is precisely the kind of businesses NABVENTURES and AgriSURE are designed to support; one that creates lasting economic value for farmers while building a scalable, sustainable business.”
AgriSURE is a blended-capital, SEBI-registered Category II AIF, jointly sponsored by the Government of India through the Ministry of Agriculture and Farmers Welfare (MoA&FW) and NABARD, and also backed by premier domestic financial institutions. Managed by NABVENTURES, the fund focuses on investing in innovative, technology-driven agri and rural start-ups across the value chain, with the objective of strengthening farm-to-market linkages and driving sustainable rural development.