The $7.1 billion (€6.5 billion) Indian shrimp farming industry, which is lacking the technology to make it truly successful, is about to get the investment it needs to shake up the supply chain -- at least if Aquaconnect's Raj Somasundaram has his way.
With a recent injection of $1 million (€912,000) in seed funding from startup accelerators Ominvore and Hatch, tech startup Aquaconnect wants to transform the sector by giving free on-the-spot access to production expertise as well as data collection and other planning tools that in other sectors of the international aquaculture industry are considered basic necessities of day-to-day business.
