VC Fund Investments
Water purification player DrinkPrime raises Rs.60-Cr from Omidyar, Surge, 9Unicorns, others
DrinkPrime, a Bengaluru-based IoT-enabled customised water purifier on subscription company, has raised INR 60 crore in its Series A round led by Omidyar Network India, Sequoia Surge and 9Unicorns. Others who participated in this round included Aureolis Ventures, Kwaish Ventures, ZNL Growth Fund Northern Arc Capital, and Unitus Capital. In the last six months, the firm has expanded to more than one lakh users spread across Bengaluru, Delhi, Faridabad, Ghaziabad, Gurgaon, Hyderabad and Noida and claims that their subscriber base has grown by 330%. DrinkPrime will use the raised funds to invest in people, products, and infrastructure to achieve its target of serving one million homes by 2026.
From the Venture Intelligence PE-VC Deal Database: Between Apr 20 and Jul 20, DrinkPrime had raised over USD 3 M from Sequoia Capital India, Omidyar Network and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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