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November 27, 2013

Deal Alert: Omnivore buys minority stake in aquaculture diagnostics equipment firm Eruvaka

Agri-business focused Investment firm Omnivore Partners has bought a minority stake in Eruvaka Technologies Pvt. Ltd, a Vijayawada-based maker of diagnostic equipment for aquaculture farmers. Eruvaka Technologies, founded last year, has developed a solar-powered product that integrates sensors, mobile connectivity and decision-making tools to monitor aquatic farms. The product allows shrimp and fish farmers to monitor their ponds and remotely control automated equipment such as aerators and feeders thus reducing cultivation risk. 

Source: Mint

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