Aquaculture startup AquaExchange raises $6-M led by Ocean 14 Capital

Vijayawada-based IoT (Internet-of-Things) solutions provider to aquaculture farmers, AquaExchange has raised USD 6 million in Series A funding led by Ocean 14 Capital with participation from existing investors including Endiya Partners and Accion International.The fresh funds will be deployed to scale marketing in India and also to focus on a few international markets for device exports.AquaExchange’s product portfolio includes power management (PowerMon) and feed automation (AquaBot) devices. PowerMon enables power monitoring and aeration control through a smartphone app while AquaBot is a mobile auto-feeder enabling farm automation.