Aquaconnect, the tech-driven aquaculture-focused startup, has raised Rs 60 crore in a venture debt round of funding led by Trifecta Capital.
Aquaconnect will use this funding round to build up its presence in the Indian market. This would need the expansion of its franchise stores under the Aqua partners brand that provides input products to the fish and shrimp farmers.
The fresh capital will also be used to expand the scale of operations and enhance its post-harvest market linkage solutions. It noted that through improving market linkage, the farmers will be able to reach out to a broader range of potential buyers, thus increasing their value realization.