About Aquaconnect
Aquaconnect is a company based in Chennai (India) founded in 2017 by Rajamanohar Somasundaram.. Aquaconnect has raised $24.1 million across 6 funding rounds from investors including Antares Capital, Louis Dreyfus Company and Allana. The company has 160 employees as of April 07, 2024. Aquaconnect operates in a competitive market with competitors including eFishery, Aqua Exchange, ABALOBI, BITCLIQ and e-Fishency, among others.
- Headquarter Chennai, India
- Employees 160 as on 07 Apr, 2024
- Founders Rajamanohar Somasundaram
- Stage Minicorn
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Coastal Aquaculture Research Institute Private Limited
- Date of Incorporation 21 Apr, 2017
- Jurisdiction Thiruvanmiyur, Tamil Nadu, India
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Annual Revenue
$17.44 M (USD)317.92as on Mar 31, 2023
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Net Profit
$-2.71 M (USD)-101.71as on Mar 31, 2023
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EBITDA
$-2.46 M (USD)-99.21as on Mar 31, 2023
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Total Equity Funding
$24.1 M (USD)
in 6 rounds
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Latest Funding Round
$4 M (USD), Series A
Jan 31, 2024
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Investors
Antares Capital
& 12 more
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Employee Count
160
as on Apr 07, 2024
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Funding Insights of Aquaconnect
Aquaconnect has successfully raised a total of $24.1M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $4.0M
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First Round
First Round
(25 Aug 2018)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series A - Aquaconnect | Valuation | S2G Ventures |
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| Sep, 2022 | Amount | Series A - Aquaconnect | Valuation | Lok Capital , Omnivore | |
| Mar, 2022 | Amount | Debt – Venture - Aquaconnect | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aquaconnect
Aquaconnect has secured backing from 13 investors, including venture fund and institutional investors. Prominent investors backing the company include Antares Capital, Louis Dreyfus Company and Allana. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Stage agnostic venture capital firm
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Founded Year | Domain | Location | |
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Investment firm focusing on tech-enabled enterprises in social and environmental sectors.
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Founded Year | Domain | Location | |
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Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aquaconnect
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Aquaconnect
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aquaconnect Comparisons
Competitors of Aquaconnect
Aquaconnect operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as eFishery, Aqua Exchange, ABALOBI, BITCLIQ and e-Fishency, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform providing access to feed, financing, and market to fish and shrimp farmers
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| domain | founded_year | HQ Location |
An IoT-powered tech platform is provided for aquaculture farmers.
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| domain | founded_year | HQ Location |
NPO and social enterprise for supporting small-scale fisheries through technology
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| domain | founded_year | HQ Location |
Blockchain platform is provided for connecting fishing fleets and customers.
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| domain | founded_year | HQ Location |
Genetic breeding solutions for fish are provided to enhance performance.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aquaconnect
Frequently Asked Questions about Aquaconnect
When was Aquaconnect founded?
Aquaconnect was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Aquaconnect located?
Aquaconnect is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Aquaconnect?
Rajamanohar Somasundaram is the current CEO of Aquaconnect. They have also founded this company.
Is Aquaconnect a funded company?
Aquaconnect is a funded company, having raised a total of $24.1M across 6 funding rounds to date. The company's 1st funding round was a Debt – Venture of $8M, raised on Aug 25, 2018.
How many employees does Aquaconnect have?
As of Apr 07, 2024, the latest employee count at Aquaconnect is 160.
What is the annual revenue of Aquaconnect?
Annual revenue of Aquaconnect is $17.44M as on Mar 31, 2023.
What does Aquaconnect do?
Aquaconnect was founded in 2017 in Chennai, India, focusing on the aquaculture sector. AI and satellite remote sensing are utilized to enhance transparency and efficiency across the value chain for shrimp and fish farmers. Data-driven advisory services are provided through deep learning methods, along with context-aware alerts for water quality and aquatic health. Formal linkages to finance and insurance are facilitated, while market connections for farmers are improved.
Who are the top competitors of Aquaconnect?
Aquaconnect's top competitors include Aqua Exchange, eFishery and BITCLIQ.
Who are Aquaconnect's investors?
Aquaconnect has 13 investors. Key investors include Antares Capital, Louis Dreyfus Company, Allana, Hatch Blue, and Lok Capital.
What is Aquaconnect's valuation?
The valuation of Aquaconnect is $22M as of Sep 2022.