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
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- 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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People of Aquaconnect
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Stage agnostic venture capital firm
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Investment firm focusing on tech-enabled enterprises in social and environmental sectors.
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Flourish Ventures is focused on investing in mission-driven fintech entrepreneurs.
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Investor details for Aquaconnect
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Investments & Acquisitions by Aquaconnect
Investment portfolio details for Aquaconnect
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Financial Statements - Aquaconnect
Detailed financials for Aquaconnect
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Aquaconnect Comparisons
Peer comparison for Aquaconnect
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Platform providing access to feed, financing, and market to fish and shrimp farmers
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An IoT-powered tech platform is provided for aquaculture farmers.
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NPO and social enterprise for supporting small-scale fisheries through technology
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Blockchain platform is provided for connecting fishing fleets and customers.
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Genetic breeding solutions for fish are provided to enhance performance.
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Detailed competitors of Aquaconnect
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Latest news on Aquaconnect
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Frequently Asked Questions about Aquaconnect
Aquaconnect was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Aquaconnect is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Rajamanohar Somasundaram is the current CEO of Aquaconnect. They have also founded this company.
Aquaconnect is a funded company, having raised a total of $24.1M across 6 funding rounds to date.
As of Apr 07, 2024, the latest employee count at Aquaconnect is 160.
Annual revenue of Aquaconnect is $17.44M as on Mar 31, 2023.
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.
Aquaconnect's top competitors include Aqua Exchange, eFishery and BITCLIQ.
Aquaconnect has 13 investors. Key investors include Antares Capital, Louis Dreyfus Company, Allana, Hatch Blue, and Lok Capital.
The valuation of Aquaconnect is $22M as of Sep 2022.