Aquapulse closes US$6.11M Series A co-led by NABVENTURES and IAN Alpha Fund
What's the deal? AquapulseDealroom has a profile for this one. Try Dealroom →, a Bhubaneswar-based startup that connects smallholder shrimp farmers with global markets, has closed a US$6.11M Series A round co-led by NABVENTURESDealroom has a profile for this one. Try Dealroom → (through its AgriSURE Fund) and IAN Alpha FundDealroom has a profile for this one. Try Dealroom →.
Founded by Abhishek DwivedyDealroom has a profile for this one. Try Dealroom → and Abhilash Dwivedy, Aquapulse runs a technology-enabled procurement and export platform. It works with farmers across Odisha, Andhra Pradesh, and West Bengal, combining water quality monitoring, disease management, feed optimisation, and harvesting coordination through its "aquapreneur" network — field agents who oversee clusters of shrimp farms while integrating processing and export logistics into a single traceable supply chain.
The company primarily exports shrimp to China, Vietnam, and Japan, while also serving institutional and organised retail customers in India.
The fresh capital will go towards enhancing farm-level technology and disease management, expanding its farmer procurement network, scaling processing and export operations, and building working capital infrastructure.
Why now? India is one of the world's largest shrimp exporters, with seafood exports reaching $8.28 billion in 2025. Yet much of the country's shrimp production still comes from fragmented smallholder farms — a structural gap Aquapulse is positioning itself to fill.
"The capital lets us deepen the aquapreneur cluster model, strengthen pre-harvest technology at the pond, and scale processing and exports without losing the farmer-first discipline we started with," said Abhishek Dwivedy.
What could go wrong? Aquaculture is inherently vulnerable to disease outbreaks, weather events, and shifting trade policies — any of which could disrupt supply chains. Scaling a model that depends on coordinating thousands of smallholder farmers across multiple states adds operational complexity. And export markets, particularly China and Vietnam, can be volatile depending on geopolitical and regulatory shifts.
The signal: NABVENTURES, an investment fund backed by India's national agricultural development bank, co-leading this round alongside IAN Alpha Fund underscores institutional confidence in vertically integrated agritech models that go beyond software to control physical supply chains. With India's seafood exports hitting $8.28 billion in 2025 and shrimp production still dominated by fragmented smallholders, early growth-stage platforms like Aquapulse that can demonstrably bridge the gap between pond-level operations and export markets are well placed to capture outsized value.
Read more: The Economic Times (ETEntrepreneur)
