Nutreco, a global leader in animal nutrition and aquaculture solutions, has announced a significant investment in Eruvaka, an Indian-based Internet of Things (IoT) company specializing in tools for aquaculture farmers. Nutreco has acquired a 25% stake in Eruvaka and is forging a strategic commercial partnership aimed at scaling Eruvaka’s technology worldwide.
Founded in 2012 by Indian entrepreneur Sreeram Raavi, Eruvaka has developed a suite of products that empower farmers to actively monitor vital pond parameters and remotely manage automated equipment. This innovative approach helps reduce farming risks, optimize feed efficiency, enhance shrimp growth, and boost farm profitability.
Omnivore, an impact venture fund focused on breakthrough technologies for food, agriculture, and rural economies, is among the other prominent shareholders in Eruvaka.
This investment aligns perfectly with Nutreco’s mission to “Feed the Future,” a commitment to sustainably produce high-quality food to meet the demands of a growing global population. Nutreco CEO Knut Nesse expressed his excitement about this investment, emphasizing how Eruvaka’s technology complements their shrimp feed business and supports expansion across Latin America and Asia.
As part of this strategic partnership, Nutreco will have representation on Eruvaka’s board through its Chief Innovation Officer, Viggo Halseth.
Sreeram Raavi, Managing Director of Eruvaka, shared his enthusiasm for collaborating with Nutreco, stating, “I’m impressed by Nutreco’s depth of knowledge in shrimp farming, and I look forward to joint development projects.”
Nutreco’s aquaculture division, Skretting, will work directly with Eruvaka to implement precision farming technology, starting with Latin America. The technology will be integrated into AquaSim, Skretting’s suite of customized performance tools. This integration will allow local shrimp farmers to remotely ensure precise feed dosages, reducing the risk of over- or under-feeding.
Carlos Miranda Illingworth, General Manager of Skretting in Ecuador, highlighted the positive impact of this technology, stating, “In Ecuador, we have been able to lower the feed conversion ratio and shorten the production cycle of shrimp thanks to satiation feeding, thereby doubling production without huge intensification. The Eruvaka solution will ensure we can work in this way with many more farms in the future.”
In line with its commitment to sustainable shrimp production, Skretting is constructing a new production facility in Ecuador with an annual capacity of 470,000 tons, set to be completed by 2019, with the first phase opening this year.
