AquaExchange (AquaX)
India
AquaExchange (AquaX) is a mobile app, Artificial Intelligence (AI) and Internet of Things (IoT) based digital solution which supports the inland shrimp and fish culture industry. It leverages IoT devices, direct market linkages, and a network of suppliers to support aquaculture farmers. The solution offers 24/7 monitoring and control, seamless market access, efficient procurement, and technical advisory services. AquaX increases productivity, profitability, and sustainability across the aquaculture ecosystem by eliminating receivables risk and facilitating access to formal financing.
Digital Solution (DS) Category
Digital Agriculture
Digital Agrifood Services
Digital Solution Type (sub-category)
Precision agriculture, IoT/Sensor controlled water management
Market and price data analytics
Delivery type (format)
Mobile app
Internet of Things / sensors
Web based platform
Artificial intelligence (AI)
DS supplier-user category
Business to business
Business to consumers
Type of entity (ICT developer-supplier)
Agritech company
Name of supplier/developer
Aquaexchange Agritech Private Limited
Primary Users
Traders , Fisherfolks , Agribusiness / private company
Digital Solution Development Stage
Commercial stage (widespread use nationally)
Number of users or subscribers
2,500 beneficiaries Source: Developer website
Measurable positive impact(s) by Digital Solution (DS) on target users and/or audience
IoT devices prevent crop losses due to power failures Reduction in electricity consumption by 10-20%, reducing overall farmer expenses by 3% Reduction of 4 tCO2e (tonnes equivalent) of CO2 emissions Access to formal finance at 15%-18% interest rates instead of over 40% from local dealers Reduction in input costs by at least 10% for farmers due to cheaper credit Creating access to new markets for fish farmers through patented transport technologies Power Factor management technology optimizes power usage Intelligent feed managing devices reduce feed wastage Source: https://www.niti.gov.in/sites/default/files/2023-03/Compendium-of-75-Agri-Entrepreneur-and-Innovators.pdf
Digital Solution Geographic scope
India
Name of Digital village(s), districts, communes where DS is used/deployed
On-line resource links (Web-page links, links to videos, links to reports, etc)
DS links to Government programmes, initiatives, and projects
DS Links to FAO, UN and other Development agencies projects, initiatives and programmes