DrinkPrime Secures $3 Mn Funding Led by SIDBI Venture Capital

DrinkPrime, a leading provider of clean drinking water solutions, has successfully raised $3 million in funding led by SIDBI Venture Capital Ltd, alongside participation from existing investors. This investment round marks a pivotal moment for the company as it aims to further its mission of ensuring access to clean, safe, and healthy drinking water for all.

Debraj Banerjee, Senior Fund Manager at SIDBI Venture Capital Ltd, expressed confidence in DrinkPrime’s vision and growth trajectory, emphasizing the importance of expanding access to clean water. The investment is poised to fuel DrinkPrime’s accelerated expansion plans and strengthen its market position.

Manas Ranjan Hota, Co-founder and COO of DrinkPrime highlighted the strategic significance of the investment in driving innovation and enhancing the company’s IoT-driven solutions. With a focus on developing an innovative product portfolio, DrinkPrime aims to reinforce its commitment to delivering industry-leading water purification solutions.

Currently serving over 2 lakh families across seven Indian cities, DrinkPrime remains steadfast in its mission to provide clean drinking water to communities nationwide. The infusion of funds will enable the company to scale its operations and reach a wider audience, advancing its goal of ensuring access to safe drinking water for all segments of society.

The investment underscores the growing importance of water purification solutions in addressing public health challenges and improving quality of life. As DrinkPrime continues to innovate and expand its reach, it reaffirms its position as a key player in the market, driving positive change and contributing to a healthier, more sustainable future.

Disclaimer: This information is covered based on the latest research and development available. However, it may not fully reflect all current aspects of the subject matter.

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