DrinkPrime raises $3 Mn led by SIDBI Ventures

DrinkPrime, a subscription-based reverse osmosis (RO) water supplying startup, has raised $3 million led by SIDBI Venture Capital Ltd. (SVCL), an investment management company and a wholly owned subsidiary of SIDBI. 

Existing investors of the company also participated in the round.

The Bengaluru-based startup had raised Rs 60 crore ($7.5 million) in a mix of equity and debt round led by Omidyar Network India, others in July 2022. Prior to that, it raised around Rs 21 crore in its pre-series A round led by Peak XV’s Surge in August 2021.

Founded in 2016 by Vijender Reddy and Manas Ranjan Hota, DrinkPrime works towards enabling access to clean drinking water with Internet-of-Things (IoT)-enabled customised water purifiers on subscription to users.

DrinkPrime currently provides clean drinking water access to over 2 lakh families across seven cities in India. With further expansion plans, DrinkPrime is also gearing up for its Series B fundraise. 

In the subscription model, DrinkPrime competes with Livpure, Acquaguard and ZunPure.