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Total amount raised
$17M
Latest funding date
2026-03-11
Location
DrinkPrime has successfully navigated eight funding rounds, attracting a total of 26 investors, including notable names like Force Ventures and SIDBI Venture Capital. The company specializes in IoT-enabled water purifiers, offering innovative solutions on a rental basis to meet diverse consumer needs.
What Is DrinkPrime?
DrinkPrime, based in Bangalore, Karnataka, India, specializes in manufacturing IoT-enabled water purifiers. The company operates in the Internet of Things, Manufacturing, Water, and Water Purification industries.
With an employee count ranging from 101 to 250, DrinkPrime offers smart water purifiers on a rental basis, emphasizing benefits like zero machine cost, lifetime free maintenance, and a 7-day risk-free trial. The company aims to provide clean drinking water across various cities in India.
How Much Funding Has DrinkPrime Raised?
- Extended Series A (Series A3)
- Amount Raised: ~$2.2 million (₹20 Cr) in equity, plus undisclosed debt
- Date: March 2026
- Lead Investors: Mirabilis Investment Trust, Artha Continuum Fund
- Valuation at Round: ~$36.8 million (₹340 Cr) post-money
- Motivation Behind the Round: The funds are earmarked to strengthen the technology platform and expand DrinkPrime's presence across 20 additional cities in India.
- Series A (Series Unknown / Bridge)
- Amount Raised: $3 million (₹~25 Cr)
- Date: May 2024
- Lead Investors: SIDBI Venture Capital Ltd. (SVCL)
- Valuation at Round: ~$28.2 million (₹260 Cr) pre-money
- Motivation Behind the Round: The funds were aimed at further expansion and preparation for the next phase of growth.
- Series A
- Amount Raised: $7.5 million (₹60 Cr) — mix of equity and debt
- Date: July 2022
- Lead Investors: Omidyar Network India, Sequoia Surge, 9Unicorns; debt from Northern Arc Capital and Unitus Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were used to scale operations and enhance IoT-enabled water purifier technology; other participants included Aureolis Ventures, Kwaish Ventures, and ZNL Growth Fund.
- Pre-Series A
- Amount Raised: ~$2.5 million (₹21 Cr)
- Date: August 2021
- Lead Investors: Peak XV's Surge (Sequoia Capital India)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Funds were used to scale operations and expand market reach; Omidyar Network India also participated.
- Debt Financing
- Amount Raised: ~$1 million (INR 80 million)
- Date: June 2021
- Lead Investors: UC Inclusive Credit, Western Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were used to support operational costs and expand market reach.
- Seed Round
- Amount Raised: ~$2.8 million (₹21 Cr)
- Date: August 2020
- Lead Investors: Omidyar Technology Ventures, Surge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were used to develop the subscription model and establish a stronger market presence.
- Seed Round
- Amount Raised: ~$0.4 million (₹3.6 Cr)
- Date: April 2020
- Lead Investors: Snapdeal founders, Abhishek Goyal (Tracxn), Bharat Jaisinghani, Ankit Agarwal, Harpreet Singh Grover
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were used to kickstart subscription-based growth and early-stage expansion.
- Angel Round
- Amount Raised: Not publicly disclosed
- Date: August 2019
- Lead Investors: Not publicly disclosed; participants included Abhishek Goyal (Tracxn), Bharat Jaisinghani, FirstCheque, and others
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds were used to kickstart the company's initial operations and market entry.
DrinkPrime has raised a total of at least $17.2 million based on disclosed funding across all rounds. The current valuation is approximately $36.8 million (post the March 2026 round).
Key Investors
- Mirabilis Investment Trust
- Details: Mirabilis Investment Trust co-led DrinkPrime's extended Series A (March 2026), investing ₹10 Cr alongside Artha Continuum Fund.
- Investment Focus Areas: Growth-stage startups in India.
- Notable Investments: Not publicly disclosed.
- Artha Continuum Fund (Artha Venture Fund)
- Details: Artha Continuum co-led DrinkPrime's extended Series A (March 2026), investing ₹10 Cr alongside Mirabilis Investment Trust.
- Investment Focus Areas: Early and growth-stage startups.
- Notable Investments: Not publicly disclosed.
- SIDBI Venture Capital Ltd. (SVCL)
- Details: SVCL is a fully owned subsidiary of the Small Industries Development Bank of India (SIDBI). It led a $3 million investment round in DrinkPrime in May 2024.
- Investment Focus Areas: Small and medium enterprises (SMEs), startups.
- Notable Investments: Not publicly disclosed.
- Omidyar Network India
- Details: Omidyar Network India is a social impact investment firm. It co-led DrinkPrime's Series A round in July 2022 (₹60 Cr), and also participated in the Pre-Series A round in August 2021.
- Investment Focus Areas: Social impact, education, financial inclusion, digital identity.
- Notable Investments: Not publicly disclosed.
- Peak XV's Surge
- Details: Surge is a startup accelerator program by Peak XV (formerly Sequoia Capital India). It led the Pre-Series A round in August 2021, raising approximately ₹21 Cr for DrinkPrime, and also participated in the Series A in July 2022.
- Investment Focus Areas: Early-stage startups.
- Notable Investments: Not publicly disclosed.
- UC Inclusive Credit
- Details: UC Inclusive Credit is a financial institution. It was a key investor in the debt financing round in June 2021, raising INR 80 million for DrinkPrime.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for DrinkPrime?
DrinkPrime is poised for significant growth as it plans to expand its services to more cities, leveraging the increasing demand for clean drinking water and the popularity of subscription-based models. With over 2 lakh families already benefiting from its IoT-enabled water purifiers, the company has a substantial market presence that can be further amplified.
As DrinkPrime prepares for its Series B fundraising round, the potential for securing additional capital is high, which will support its expansion and technological advancements. However, the company will need to navigate challenges such as competition from established brands and ensuring consistent service quality to maintain its growth trajectory.
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