Aquaconnect, India’s pioneer full-stack aquaculture platform, emerged as a winner in the ‘Most Innovative Agtech (Mature Startup)’ award category in the fourth edition of FICCI Summit and Awards for Agri Startups, held virtually on January 7, 2022. The latest edition felicitated high-impact innovations in the Indian Agri and allied value chains.
Founded in 2017, Aquaconnect works with fish and shrimp farmers to improve farm productivity, financial access, and market linkage through intelligent technology solutions. Since its inception, Aquaconnect has been working to navigate the challenges in the aquaculture value chain through an integrated tech-driven approach. The Startup is helping connect aquaculture farmers with stakeholders in the value chain, such as feed producers, farm equipment manufacturers, banks, insurers, importers, processors, exporters, and certifying bodies. Aquaconnect has assisted over 60,000 farmers through its unique AI & GIS-powered advisory platform. Aquaconnect’s data-enabled fintech solutions aim to bring transparency for BFSI stakeholders to engage with aquaculture farming communities efficiently.
On this occasion, Rajamanohar, CEO Aquaconnect said, “India is the second-largest aquaculture producer, yet the market is traditionally driven by unscientific farming practices and poor inclusion of technology. Add to that, lack of access to formal credit and insurance undermines the ambitions and profits of aquaculture farmers. The need of the hour is to build intelligent tech solutions that transform the aquaculture value chain and create sustainable farmer livelihoods. We, at Aquaconnect continue to work towards making this possible with a sharp focus on innovations that create impact. The recognition is a testimony of our commitment to emerging stronger as a trusted aquaculture partner for all stakeholders in the value chain.”