Sea6 Energy: Can this Deep-tech Start-up Scale-up Operations and Make it Big?
| Case Code: LDEN222 Case Length: 11 Pages Period: 2010-2022 Pub Date: 2024 Teaching Note: Available |
Price: Rs.400 Organization : - Industry :Energy Countries : India Themes: Entrepreneurial Strategy, Social Entrepreneurship, Product Strategy & Design,Innovation |
Abstract Case Intro 1 Case Intro 2 Excerpts
Introduction
On July 21, 2021, Sea6 Energy (Sea6) a pioneer in sustainable large-scale ocean farming start-up based in Bengaluru, India, raised US$9 million as a part of its Series B funding round led by Netherlands-based aquaculture fund Aqua-Spark. According to the start-up, the new funds would contribute to the financing of additional SeaCombine systems, the proprietary fully mechanized harvesting and seeding catamaran developed by it, to increase the supply of seaweed raw material and expand Sea6’s processing capacity by setting up additional seaweed harvesting facilities. “We are delighted to be part of Aqua-Spark’s portfolio of companies. Aqua-Spark’s vision of sustainability is very well aligned with Sea6’s own vision”, said Shrikumar Suryanarayan (Suryanarayan), managing director and co-founder, Sea6 Energy..
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