DrinkPrime, a Bengaluru-based startup specializing in subscription-based reverse osmosis (RO) water supply, has secured Rs 20 crore in fresh funding from Artha Venture Fund and Mirabilis Investment Trust. The company’s latest funding round involved the allotment of 21,718 Series A3 CCPS and 10 equity shares, raising the total amount.
With this new investment, DrinkPrime plans to further advance its business strategy, using the capital to enhance its IoT-enabled water purifiers for households. The company’s valuation has increased to Rs 340 crore (approximately $37 million) from the previous round, reflecting investor confidence in its approach.
Founded in 2016 by Vijender Reddy Muthyala and Manas Ranjan Hota, DrinkPrime has been expanding its operations and reported a 54% increase in operating revenue to Rs 72.13 crore in FY25, while also reducing its losses during the same period.
Source: Entrackr : Latest Posts