Water purifier startup DrinkPrime raised INR 60 crore in a mix of debt and equity as part of its Series A led by marquee investors such as Omidyar Network India, Sequoia Surge and 9Unicorns where other investors such as Aureolis Ventures, Kwaish Ventures, ZNL Growth Fund Northern Arc Capital, and Unitus Capital also participated.
DrinkPrime describes itself as a “drinking water company” that provides Internet of Things (IoT)-powered customised water purifiers to users on a subscription basis. The funding will be used to strengthen the startup’s product line and accelerate infrastructure development. It will also use the additional funds to ‘invest in people’ and expand its operations. The startup uses IoT to enable a seven-stage filtration process that provides clean drinking water to its customers.
