Summary:

In an investment round headed by NABVENTURES and involving IAN Group, Aquapulse, a shrimp aquaculture and seafood export business based in Bhubaneswar, raised 45 crore (US$4.72 million). Through a technology-driven platform, the company directly links prawn farmers with international seafood consumers. Increased use of agricultural technologies, better disease control, and more effective supply chains will all benefit from the additional financing. Aquapulse seeks to assist farmers in obtaining higher prices while resolving issues including low productivity, quality concerns, and restricted market access. In order to boost India's aquaculture industry and its competitiveness in the global seafood trade, the company also intends to increase its farmer network, processing capacity, and export operations.

Source: IBEF

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