WaterTech startup Swajal said it has raised pre-Series A funding round of $1.6 million from Rajasthan Asset Management Company (RAMC) through RVCF III, India Growth Fund and a group of investors. The company said it will use the funds for innovation and research to make drinking water more accessible, sustainable, and plastic-free.

Gurugram-based Swajal offers drinking water solutions for communities, hospitality players, corporates, and others. Its deployments range 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. Swajal has also deployed its products across railway stations, airport lounges, hospitals, and multinational companies alongside others.

“We manufacture our systems locally in India,” said Vibha Tripathi, an IIT alumnus and CEO of Swajal. “This allows us to tightly control our products and innovate with a quick turnaround time. 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.”

“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,” said Ravi Mathur, vice-president, RVCF.

RVCF-III is focused on highly transformative companies in key social and environmental impact segments in India having a high-growth and scalable model.





News Of India

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