The capital will be deployed for expansion followed by setting up an state of art in-house processing facility aimed at improving quality control and margins, expanding its current farmer network from 6000+ to over 15,000+ across Odisha, Andhra Pradesh and West Bengal; and strengthen its technology stack. The company is also investing in AI-led pre- and post-harvest systems and its tech led transparent pricing model.
Founded in 2022 by Abhishek Dwivedy and Abhilash Dwivedy , Aquapulse operates at the intersection of aquaculture, infrastructure and technology, addressing structural inefficiencies in India’s seafood value chain. While smallholder shrimp farmers produce export-grade shrimp, they often remain disconnected from pricing mechanisms, infrastructure and end-market access. This fragmentation results in multi layered intermediary system, significantly limiting farmers’ share in the final value.
The Bhubaneswar-based company traces its origins to years of on-ground engagement with shrimp farmers across Odisha’s coastal districts. It evolved from addressing a core structural gap where farmers producing high-quality shrimp
Aquapulse’s operating model combines deep domain expertise with a robust technology layer. Its AI-driven pre-harvest systems monitor pond-level parameters such as water quality, disease risk and feed optimisation, enabling farmers to improve feed conversion ratios (FCR) and consistently enhance output quality. Better harvest planning by aligning crop cycles with real-time demand, reducing wastage and strengthening demand–supply linkages. On the post-harvest side Aquapulsemanages grading, cold chain logistics and compliance workflows while its AI models enables real-time price discovery and assured offtake pricing, improving transparency in an otherwise opaque ecosystem
Commenting on the fundraise, Abhishek Dwivedy, Co-Founder, MD and CEO, Aquapulse said, “People ask what makes us different. We didn’t start with a market opportunity but started with a farmer’s problem. The cold chain exists because produce was spoiling. The processing exists because farmers were selling raw shrimp at a fraction of its finished value. The certifications exist because without them, you are locked out of every premium market. This round lets us put all of it together at a scale where it works for the farmer and for the business.”
India is currently the world's second-largest shrimp producer and second-largest fish producer. Frozen shrimp accounts for over 43% of seafood export volumes and nearly 70% of export earnings. In FY25, India exported 7.42 lakh metric tonnes of frozen shrimp valued at USD 5.18 billion, contributing to total seafood exports of USD 7.45 billion. The domestic shrimp market, valued at USD 9.2 billion in 2024, is projected to reach USD 22.7 billion by 2033, growing at a CAGR of 10.1%.
“We spent years in panchayats before we spent a day in a boardroom. The problems were never hard to find - a farmer selling his harvest below cost because he had no storage, a trader rejecting a batch because there was no quality check, an exporter sourcing from Andhra Pradesh because Odisha had no processing. We built Aquapulse to fix each of those things, one at a time. With NABVENTURES backing, we can now scales these solutions meaningfully” said Abhilash Dwivedy, Chief Growth Officer, Aquapulse.
Ashish Choudhury, CIO, NABVENTURES Ltd. said, “What drew us to Aquapulse was not just the commercial opportunity, but the depth of their farmer integration model. The founders bring strong domain expertise in aquaculture along with operating experience working closely with farmers to drive improvements in productivity, quality, and market access. Aquapulse’s ability to combine domain expertise with technology to solve structural inefficiencies in the aquaculture value chain positions it uniquely for long-term value creation. This is precisely the kind of businesses NABVENTURES and AgriSURE are designed to support; one that creates lasting economic value for farmers while building a scalable, sustainable business.”
AgriSURE is a blended-capital, SEBI-registered Category II AIF, jointly sponsored by the Government of India through Ministry of Agriculture and farmer welfare (MoA&FW) and NABARD and also backed by premier domestic financial institutions. Managed by NABVENTURES, the fund focuses on investing in innovative, technology-driven agri and rural start-ups across the value chain, with the objective of strengthening farm-to-market linkages and driving sustainable rural development
The funding will accelerate the company’s pond-to-port infrastructure strategy, enabling a fully traceable and quality-controlled supply chain designed for global markets while keeping farmers central to value creation.
GrowthAlly Advisors acted as the exclusive Investment Bank to Aquapulse, advising and facilitating the Series A round led by NABVENTURES. “Aquapulse has built what very few have - a farmer-first, integrated aquaculture chain with real technology depth. It was a privilege to facilitate this round,” said Laxmikant Bohra, Co-Head of Investment Banking, GrowthAlly Advisors.
With this round, Aquapulse is positioning Odisha as an emerging aquaculture hub . and is aiming to create a traceable, quality-driven supply chain that connects Indian shrimp from pond to global markets while ensuring farmer participation in value creation.w
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