Aquapulse, an integrated aquaculture tech startup based in Bhubaneswar, India, has successfully raised ₹25 crore (approximately $3 million USD) in a Series A funding round led by NABVENTURES Ltd, the venture capital arm of the National Bank for Agriculture and Rural Development (NABARD). This funding will be utilized to expand its farmer network from over 6,000 to more than 15,000 farmers across the states of Odisha, Andhra Pradesh, and West Bengal. The company plans to establish a state-of-the-art processing facility to enhance quality control and improve margins. Additionally, Aquapulse is investing in AI-driven pre- and post-harvest systems to optimize production and pricing transparency in the aquaculture sector.

Founded in 2022 by Abhishek Dwivedy and Abhilash Dwivedy, Aquapulse addresses inefficiencies in India's seafood value chain, particularly for smallholder shrimp farmers. The startup's technology helps farmers monitor pond conditions and improve their output quality while aligning crop cycles with market demand. With India being the second-largest producer of shrimp globally, the domestic shrimp market is projected to grow from USD 9.2 billion in 2024 to USD 22.7 billion by 2033, at a CAGR of 10.1%. Ashish Choudhury, CIO of NABVENTURES, emphasized the unique position of Aquapulse in creating lasting economic value for farmers through its innovative approach.