Gurgaon-based water purification solution startup Swajal on Wednesday announced that it has raised $1.6 million in Pre-series A funding round from Rajasthan Asset Management Company through RVCF III and a group of investors led by Pramod Agarwal (ex-CFO of P&G’s global haircare division).
The startup, which was founded by Dr. Vibha Tripathi in 2014, claims to have among the most advanced solar-powered water purification systems in the country.
“We are pleased to invest in the water segment with Swajal, where we believe technology and innovation are going to be incredibly important in the coming years as our society and economy transforms,” stated Ravi Mathur, VP, RVCF.
Swajal is planning to utilize the funds in enhancing its R&D capabilities and accelerating the adoption of Artificial Intelligence-powered sustainable water solutions in the country, while reducing plastic usage across segments.
”For the past years, we have focused on the drinking water needs of the bottom of the pyramid. Now, we are on our way to usher in a new generation of potable water solutions and reduce the reliance on plastic water. The latest funding round will help us further this vision with greater ease”, said Dr. Vibha Tripathi, founder and CEO of Swajal.
The startup offers drinking water solutions for communities, hospitality players, corporates, and others. The distribution of its water solution ranges from rural areas such as India’s largest direct solar-powered water purification system in Faridpur (Haryana) to premium hotels including JW Marriott with AI-enabled dedicated glass water bottling facility for premium water.