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Nutreco takes share in Internet of Things startup Eruvaka

Nutreco has invested in Eruvaka, an India-based Internet of Things (IoT) company that develops connected devices and mobile-based decision tools to help aquaculture farmers reduce risk and increase productivity.

shrimp

Nutreco has invested in Eruvaka, an India-based Internet of Things (IoT) company that develops connected devices and mobile-based decision tools to help aquaculture farmers reduce risk and increase productivity. Nutreco has taken a 25 percent share in Eruvaka and has entered into a commercial partnership to help scale Eruvaka globally.

Eruvaka was founded in 2012 by Indian entrepreneur Sreeram Raavi. The company’s products allow farmers to actively monitor pond parameters and remotely control automated equipment. This significantly reduces farming risk and increases feed efficiency, shrimp growth and farm profitability.

Other significant shareholders in Eruvaka include Omnivore, an impact venture fund that invests in Indian startups developing breakthrough technologies for food, agriculture and the rural economy.