Boon secures $5 million in funding from Roca Group Ventures for scaling AI-enabled WaterIot platform
Amount Raised
$5 Million
Round Type
Funding Round
Investors
Description
Watertech startup Boon has raised $5 million in a funding round led by Spanish Roca Group Ventures, its first-ever investment in India, with participation from others. The fundraise was a mix of equity and debt. Cofounded by IIT Kanpur alumnus Vibha Tripathi and Advait Kumar in 2015, Boon (formerly known as Swajal) is a technology startup focused on remote water purifying, monitoring and dispensing products. The company will use this capital to scale its products including AI-enabled WaterIot platform which helps purifiers monitor the quality of water dispensed with app-based quality adjustments.
Quick answer
Boon raised $5 Million in a Funding Round round, dated July 17, 2024. Investors: Roca Group Ventures.
- How much did Boon raise?
- Boon raised $5 Million in a Funding Round round on July 17, 2024.
- Who invested in Boon?
- Roca Group Ventures is named as investors in this round.
- What does Boon do?
- Water has taken a back seat.
- Who are the decision-makers at Boon?
- Fundz holds 1 contact at Boon. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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