Boon raises $5 mn in funding from Spanish Roca Group Ventures, others
Food and beverage firm Ninecamp Ventures has raised $2 million (about Rs 16 crore) in a funding round from angel and non-institutional investors. Photo: Bloomberg
Water technology startup Boon has raised $5 million, (around Rs 42 crore) in a mix of equity and debt funding round, the company said on Wednesday.
The funding was led by Spanish Roca Group Ventures, and Roca Group’s Venturing Fund, among others.
It is the first-ever investment from Roca in a startup in India, according to the statement.
Roca has earlier acquired Parryware in India in 2008.
Co-founded by IIT Kanpur alumnus Vibha Tripathi and PennState alumnus Advait Kumar in 2015, Boon helps purifiers to monitor the quality of every single drop of water with app-based quality adjustments.
Boon uses its patented technologies as predictive filter maintenance using AI.
Food and beverage firm Ninecamp Ventures has raised $2 million (about Rs 16 crore) in a funding round from angel and non-institutional investors.
The funding round witnessed participation from a cohort of esteemed investors, including Mohit Gupta, Gaurav Gupta (Former Zomato co-founders), Vikram Chopra, Ruchit Agarwal, Mehul Agrawal, Gajendra Jangid (Founders, Cars 24), Vir Das (Comedian, Actor), and Divine (Musician), Atul Singh (Ex-Chairman, Coca-Cola Asia Pacific), Dharmil Sheth (Co-founder, PharmEasy), Utsav Somani (ex AngelList), Ritesh Kumar (Managing Director, DS Group), Aaditya Mittal (Founder, Punnya).
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First Published: Jul 17 2024 | 10:24 PM IST