Aquapulse Raises INR 25 Crore in Series A Round Led by NABVENTURES Ltd
02 April 2026, Bhubaneswar: Aquapulse has raised INR 25 crore in an ongoing Series A funding round led by NABVENTURES Ltd through the AgriSURE Fund. National Bank for Agriculture and Rural Development is the parent institution of NABVENTURES.
The company will use the funds to expand operations, set up an in-house processing facility, increase its farmer network from over 6,000 to more than 15,000 across Odisha, Andhra Pradesh, and West Bengal, and strengthen its technology systems. The company is also investing in AI-based pre- and post-harvest systems and pricing systems.
Founded in 2022 by Abhishek Dwivedy and Abhilash Dwivedy, Aquapulse works in aquaculture, infrastructure, and technology. The company focuses on gaps in the seafood value chain where smallholder shrimp farmers face limited access to pricing, infrastructure, and markets. This leads to multiple intermediaries and reduces farmer share in final value.
Aquapulse has developed systems to monitor pond-level parameters such as water quality, disease risk, and feed usage. These systems aim to improve feed conversion and output quality. The company also aligns harvest cycles with demand and manages grading, logistics, and compliance processes. Its systems enable price discovery and offtake pricing.
India is the second-largest shrimp producer and fish producer globally. 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 was valued at USD 9.2 billion in 2024 and is projected to reach USD 22.7 billion by 2033.
NABVENTURES stated that the investment aligns with its focus on supporting technology-driven agri and rural businesses. AgriSURE is a blended-capital, SEBI-registered Category II AIF sponsored by the Government of India and NABARD, and managed by NABVENTURES.
The funding will support Aquapulse’s pond-to-port infrastructure model aimed at building a traceable and controlled supply chain for export markets.
GrowthAlly Advisors acted as the investment bank for the transaction.
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