Aquapulse Closes ₹45 Crore Funding Round to Expand Shrimp Supply-Chain Operations

New Delhi, June 2, 2026: Aquapulse has closed a ₹45 crore funding round led by NABVENTURES through its AgriSURE Fund, with participation from IAN Alpha Fund, according to the body of the company’s funding announcement. The Bhubaneswar-based aquaculture and seafood-export business plans to use the capital to strengthen farm-level technology, expand procurement, scale processing and exports, and support working-capital requirements.

The email subject and attachment headline refer to IAN Alpha Fund as a lead or co-lead, while the detailed opening paragraph identifies NABVENTURES through AgriSURE as the lead. This draft follows the detailed paragraph and retains the discrepancy for editorial clarification. It does not infer an investment amount for either participant or a valuation for Aquapulse.

A pond-to-port model for shrimp farmers

Aquapulse is the brand of Phoenix Marine Exports and Solution Private Limited, established in 2023 by Abhishek and Abhilash Dwivedy. The company describes an integrated model linking smallholder shrimp farmers with organised domestic and international buyers. Its activities combine pre-harvest support, harvesting coordination, processing relationships and export logistics.

The business began with farmers in Odisha and says it has expanded to Andhra Pradesh and West Bengal. Its hub-and-spoke approach uses local entrepreneurs, described as aquapreneurs, to oversee clusters of ponds with support from the company. That structure is intended to create a more organised procurement and service network across dispersed producers.

The announcement does not disclose the number of operating clusters, the number of farmers served or the total volume procured. Geographic presence should therefore not be translated into a claim about coverage of every shrimp-growing area in those states. The release reports an operating model and expansion direction without a complete network inventory.

Technology and farm support

The company identifies water-quality monitoring, feed discipline, early-warning systems for disease and harvesting coordination as parts of its support. It says these functions are integrated with downstream processing and logistics to create a traceable supply chain. These are company descriptions of its capabilities, rather than an independently audited assessment of farm outcomes.

The release does not provide a measured change in survival rates, output, farmer income or disease incidence across a defined sample. Its claims of greater predictability and improved earnings therefore remain attributed. No individual farming result or guaranteed income level can be inferred from the funding announcement alone.

Traceability is also presented as a value proposition for buyers. The announcement does not include a full technical specification, an audit report or details of certifications applying to every shipment. Further documentation would be needed to assess the exact sourcing and verification process used across the company’s supply chain.

Processing, exports and domestic customers

Aquapulse says it primarily exports shrimp to China, Vietnam and Japan, while also serving domestic institutional and modern-trade customers. The funding is intended to help scale processing and export operations without abandoning the farmer-focused approach described by the founders. The release does not provide a destination-by-destination revenue breakdown.

Working capital is named as a use of funds alongside technology and procurement. That reflects the announcement’s emphasis on physical supply-chain operations as well as a technology platform. The source does not specify the portion of the ₹45 crore allocated to inventory, receivables, processing capacity or product development.

It also does not announce ownership of a new processing plant, a commissioning date or an export-capacity target. The reference to processing collaborations should not be rewritten as confirmation that the company owns every facility used in its operations. The precise arrangements remain undisclosed in the supplied release.

Founders describe organising the existing value chain

Abhishek Dwivedy, Co-founder, Managing Director and Chief Executive Officer, said the capital would help deepen the cluster model, strengthen pond-level technology and scale processing and exports. He described the aim as organising the existing value chain cluster by cluster, rather than replacing it overnight.

Abhilash Dwivedy, Co-founder and Chief Growth Officer, said the company wanted smallholder farmers to become identifiable participants in the global seafood chain. Their comments frame the strategy around coordination and market access. They do not provide a quantified commitment for farmer payments or a timetable for every planned expansion.

Sarika Saxena, Managing Partner at IAN Alpha Fund, said the investor saw a business addressing market gaps through an operational model linking suppliers and buyers. Her comments express the investment thesis and confidence in the team. They are distinct from independently verified commercial or environmental outcomes.

Sector scale and company scale are different

The release cites Indian seafood exports of US$8.28 billion in 2025 as background for the opportunity. That is a sector figure, not Aquapulse’s revenue or the value of the round. The company does not disclose its own annual sales, profitability or market share in the supplied announcement.

The wider challenge described is a fragmented smallholder supply base serving buyers that seek consistent quality and sourcing visibility. Aquapulse positions its model as a response, but the announcement does not compare its results with other procurement systems or establish leadership across the market. Those questions require separate operating evidence.

The immediate news is the ₹45 crore financing and the proposed use of capital across farm support, procurement, processing, exports and working capital. Subsequent updates on network size, contracted volumes and financial performance would help establish how that investment translates into scale. The lead-investor wording should be clarified before the story is published.

Terms not supplied in the announcement

The release does not state the round’s instrument, the ownership stakes acquired or whether any portion involved a secondary sale. It also does not identify every participant beyond the named funds. Reporting a successful close should not fill those gaps with assumptions about the capital structure.

The company’s stated domestic channel and overseas markets describe different routes to buyers, rather than separate businesses with disclosed financial results. No segment-level margin or contribution is provided. A fuller account would need the reporting period, product mix and volumes associated with each channel.

For this reason, the draft keeps the financing amount, current operating description and future expansion plans separate. That preserves the central announcement while allowing the remaining commercial and investor details to be checked during review.