#startupoftheday 52- DrinkPrime

November 16, 2021 | Start-ups

Disrupting water purification with technology Inception– 2016 Location– Bengaluru Domain– Water purification Founders– Vijender Reddy Muthyala (Chief Executive Officer) and Manas Ranjan Hota (Chief Operating Officer) Total team strength– 125+ Total…

startupoftheday-52-drinkprime

Disrupting water purification with technology

Inception– 2016

Location– Bengaluru

Domain– Water purification

Founders– Vijender Reddy Muthyala (Chief Executive Officer) and Manas Ranjan Hota (Chief Operating Officer)

Total team strength– 125+

Total funds raised – Rs 50 crore

Investor– Sequoia Surge, Omidyar Network, Alteria, UC Inclusive Credit, and Western Capital

Revenue generated since inception– Rs 20 crore

 

Key Highlights-

  • India’s first IoT-enabled water purifier
  • Providing personalised water purifiers on subscription
  • Filed a patent for the purification technology
  • To offer services to a million subscribers in India over the next five years
  • To explore other products & services on subsricption basis

 

Founder Speaks-

“Given that the water quality has been deteriorating over the years, there will always be demand for a personalised water purifier. That too, for the one that is available on subscription. It is a growing problem that will always require a solution. So, I would say that there is a lot of potential for growth in our domain in India.”

Vijender Reddy Muthyala, Founder and Chief Executive Officer, DrinkPrime, Bengaluru

 

Leave a Comment