Nabventures-backed Aquapulse eyes 3x growth, Andhra expansion
The Bhubaneswar-based company currently works with more than 7,000 shrimp farmers covering about 20,000 hectares across Odisha and West Bengal. It plans to increase its network to 10,000 farmers and expand into Andhra Pradesh over the next 12-18 months, the company said.
Nabventures-backed aquaculture firm Aquapulse is poised for a threefold revenue surge this fiscal year as it ramps up its farmer network and shrimp procurement, and ventures into Andhra Pradesh, a key aquaculture market in India. Based in Bhubaneswar, the company currently collaborates with over 7,000 shrimp farmers, managing an area of around 20,000 hectares in Odisha and West Bengal. The plan is to more than double the farmer count to 10,000 and extend operations to Andhra Pradesh within the next 12-18 months.
Aquapulse aims to procure 5,000 metric tonnes (MT) of shrimp, an increase from the current 2,000 MT. The company has already procured over 2,000 MT this year, with the value of procured shrimp expected to double to triple, according to the firm. Aquapulse works closely with shrimp farmers throughout the crop cycle, connecting their produce with local and export markets. Farmers under the company's umbrella enjoy a 3-5% higher realization compared to the industry average.
Abhishek Dwivedy, co-founder and CEO of Aquapulse, highlights the focus on scaling operations while ensuring improved economics for the farmers. As the company expands from 7,000 to 10,000 farmers, the primary concern remains whether the increased scale translates into better financial outcomes for the farmers. To monitor pond conditions, identify potential crop issues, and plan harvesting, Aquapulse utilizes farm and water-quality data.
Its pre-harvest system also employs photographs from farms to assess pond conditions and readiness for harvest.
The company maintains meticulous records of the shrimp it procures from individual farmers throughout the supply chain, ensuring complete traceability of each lot before it reaches the port. This information is crucial for matching the produce with market demands. The company believes that better information holds value only when it leads to improved outcomes for the farmers.
The next phase for Aquapulse involves extending this model to additional farming clusters while maintaining a strong connection with individual farmers.
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