Vijayawada-based Internet of Things (IoT) aquatech startup Eruvaka has raised an undisclosed amount of Series B funding led by Nutreco, a global leader in animal nutrition and aqua feed, and existing investor Omnivore.
With the funding, Nutreco takes a 25 per cent stake in Eruvaka, thus entering into a commercial partnership to help scale Eruvaka globally.
Nutreco’s aquaculture division Skretting will work directly with Eruvaka to implement the latest in precision farming technology, initially in Latin America. The technology will be incorporated into AquaSim, Skretting’s suite of customised performance tools, to allow local shrimp farmers to remotely ensure accurate dosages of the right feed when their stock requires it, avoiding over- or under-feeding.
Founded in 2012 by Sreeram Raavi, Eruvaka develops connected devices and mobile- based decision tools for affordable monitoring and automation of aquaculture farms.