Eruvaka Technologies Pvt. Ltd.
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Eruvaka Technologies Pvt. Ltd. - overview
Established
2012
Location
Vijayawada, Andhra Pradesh, India
Primary Industry
Software
About
Eruvaka Technologies Pvt. Ltd. specializes in advanced aquaculture solutions, enhancing shrimp farming efficiency through innovative IoT technologies and real-time management tools. Founded in 2012 in Vijayawada, India, Eruvaka Technologies focuses on providing IoT-based solutions for aquaculture.
The company was acquired by Nutreco in August 2022 for USD 40 mn. Kunal Choudhary and Sreeram Raavi serve as CEOs, guiding the firm through its growth phases while maintaining its core technological focus. Eruvaka Technologies offers advanced aquaculture solutions aimed at optimizing shrimp farming. Their flagship product, PondLogs, provides an integrated platform for pond management, featuring real-time monitoring, geo-tagging, and alert management to tackle productivity and operational challenges faced by shrimp farmers.
The company operates across more than 10 countries, including markets in Asia, Latin America, and parts of Africa, where their innovative solutions support sustainable aquaculture practices. In 2022, Eruvaka Technologies reported a revenue of USD 13. 60 mn, with an EBITDA of USD 3. 10 mn.
The company generates income primarily through subscription-based services and partnerships with shrimp farmers and cooperatives, distributing its technology solutions effectively across various regions. Following its acquisition in August 2022, Eruvaka Technologies plans to leverage the USD 40 mn investment from Nutreco to enhance its product offerings and expand into new geographic regions. The company is focusing on developing new products that optimize shrimp farming practices, with specific targets for expansion in emerging aquaculture markets across Asia and Africa by 2025.
Current Investors
Omnivore
Primary Industry
Software
Sub Industries
Application Integration Software, Analytics & Performance Software, Farm Equipment
Website
www.eruvaka.com
Verticals
Cloud Computing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Eruvaka Technologies Pvt. Ltd. - timeline of key events
Eruvaka Technologies Pvt. Ltd. - financials
| Fiscal Year Ended | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 4,612,872 | 11,936,923 | 6,123,879 | 33,298,230 | 23,294,226 | 103,748,492 | - | - | - |
| % Revenue Growth (YoY) | - | - | 158.8% | (48.7%) | 443.7% | (30.0%) | 345.4% | - | - | - |
| EBITDA (USD) | (215,432) | (1,225,039) | (15,297,952) | (37,727,161.5) | (11,067,421) | (18,004,648) | (7,091,355) | - | - | - |
| Operating Income (USD) | (215,432) | (1,352,322) | (16,354,711) | (39,408,711) | (11,699,133) | (18,680,307) | (8,754,299) | - | - | - |
| Operating Margin | - | (29.3%) | (137.0%) | (643.5%) | (35.1%) | (80.2%) | (8.4%) | - | - | - |
| % EBITDA Margin | - | (26.6%) | (128.2%) | (616.1%) | (33.2%) | (77.3%) | (6.8%) | - | - | - |
| NET Income (USD) | (218,051) | (1,187,054) | (16,319,144) | (39,206,277) | (11,729,246) | (19,552,604) | (368,292) | - | - | - |
| % Net Margin | - | (25.7%) | (136.7%) | (640.2%) | (35.2%) | (83.9%) | (0.4%) | - | - | - |
Eruvaka Technologies Pvt. Ltd. - employee data
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