WaterTech Startup Swajal raised $1.6 million
WaterTech start-up Swajal said it raised $1.6 million from Rajasthan Asset Management Company (RAMC) via RVCF III, India Growth Fund and a group of investors for the pre-Series A funding round. The organization has announced that it will use innovation and research funds to make drinking water more affordable, safe and plastic-free.
Swajal, based in Gurugram, provides drinking water solutions for neighborhoods, players in hospitality, companies, and others. Its deployments range from rural areas such as the largest direct solar-powered water purification system in India in Faridpur (Haryana) to luxury hotels like JW Marriott with AI-enabled dedicated premium water glass bottling facilities. Swajal, along with others, has also deployed its goods at train stations, airport lounges, hospitals, and multinational corporations.
Vibha Tripathi, an IIT alumnus and CEO of Swajal, said, “We produce our systems locally in India.” This enables us to manage our products tightly and innovate with a fast turnaround time. We have concentrated on the drinking water criteria at the bottom of the pyramid for the past few years. Today, we are on our way to introducing a new wave of solutions for drinking water and reducing our dependence on plastic water. The new funding round will allow us to continue this vision more easily.
RVCF-III focuses on highly innovative companies having a high growth and scalable model in key social and environmental impact segments in India.