Drink Prime, a Bengaluru-based water purifier startup, announced that it has raised over Rs 3.6 crore as part of its seed round of funding from a clutch of investors including Snapdeal founders, as stated in a media report.
Angel investor Bharath Jaisinghani and Ankit Agarwal, who is the director at Innoven Capital, also participated in the seed funding round.
Earlier in 2019, the company had raised funds from angel investors as part of its seed funding.
The startup was founded in 2017 by Vijender Reddy Muthyala and Manas Ranjan Hota. The company makes smart water purifiers by combining the internet of things (IoT) and water purification technologies as it seeks to address the drinking water problem in urban India.
The startup handles installation, relocation and maintenance of the purifiers for its customers. The customers have to pay the company for the amount of pure water they consume by subscribing to its subscription plans, according to its website.
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