Bengaluru based startup DrinkPrime raises ₹21 crores led by Omidyar Network India
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Subscription-based water purifier startup DrinkPrime on Tuesday raised ₹21 crores ($3 million) in a Pre-Series A round from Omidyar Network India and Sequoia Surge.
The money will help the startup strengthen its team and invest in its growth plans to reach 1 million households in the next 3 years.
“We are currently operating in Bangalore and looking to expand to multiple geographies this year. Now with a much more robust product, our customers’ love for DrinkPrime is pushing us to grow rapidly. We aim to reach a million households in the next couple of years and be true to our vision,” said Vijender Reddy Muthyala, CEO and co-founder of DrinkPrime.
It does this by leveraging Internet of Things (IoT) technology and a seven-stage filtration process that gives its customers access to clean drinking water on tap while being charged on a ‘pay-as-you-use’ model.
Born in the family of entrepreneurs and have inherited the same. Started building applications in order to pay for my tuition. Later founded a tech company, marketing agency, and media outlets.
About the author
Born in the family of entrepreneurs and have inherited the same. Started building applications in order to pay for my tuition. Later founded a tech company, marketing agency, and media outlets.
