
AquaRech
Digital platform that connects small and medium-sized fish farmers, feed manufacturers, and buyers to trade.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor investor | €0.0 | round |
investor | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
investor | €0.0 | round | |
investor investor investor investor | €0.0 | round | |
* | $350k | Seed | |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 215 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Aquarech is a pioneering startup in the fish farming industry, specifically targeting the Kenyan market. The company operates as a comprehensive platform that connects small and medium-sized fish farmers, fish feed manufacturers, and fish traders. Aquarech's primary goal is to enhance the livelihoods of small-scale fishing communities through innovative and sustainable fish farming practices.
The company offers a mobile app that assists fish farmers in managing their operations more efficiently. This app provides precision farming techniques, which help farmers optimize their production cycles. For instance, Martin Omondi, a fish farmer, significantly improved his farm's productivity after using Aquarech's app and consulting with their specialists.
Aquarech's business model revolves around creating a value chain that benefits all stakeholders in the aquaculture ecosystem. The platform facilitates the trade of fish and fish feeds, enabling farmers to access high-quality inputs and markets. By doing so, Aquarech ensures that fish farmers can sell their products more efficiently, while buyers can source high-quality fish and feeds.
The company generates revenue through various streams. It earns commissions from transactions made on its platform, charges subscription fees for premium app features, and profits from the sale of fish and fish feeds. Additionally, Aquarech has ventured into direct consumer sales with its "Aquarech Fish Deli," offering freshly prepared fish delivered to customers' homes.
Aquarech's recent success includes closing a $1.7 million seed round, which will be used to hire talent and expand its operations. The company's commitment to sustainable practices and value chain efficiencies positions it as a leader in the African fish farming industry.
Keywords: Fish farming, Kenya, mobile app, sustainable practices, small-scale farmers, fish feeds, value chain, aquaculture, precision farming, seed funding.