National Award Winning Deep Tech Start-Up Raising Funds
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Product / Service
Research, development, and manufacturing of cutting-edge AI and IOT-based instruments. Currently, they have developed an IOT based multi-parameter water analyzer under the financial grants from Ministry of Jal Shakti and Invest India.
Clientele type
1. Indian Army
2. Drink Prime
3. PHED Haryana
4. PHED Assam
5. PHED Rajasthan
6. Ministry of Jal Shakti and more.
Premises
They have a research lab at IIT Delhi.
Asking Price Includes
Looking to dilute equity against Investment.
Asking Price
INR 6.00 Cr
Minimum ticket size
INR 5,000,000 (INR 50.00 L)
Reason
We are raising funds to meet the quantum of order in hand and channel, to expand team and further research 10x products.
Other Details
Value proposition
- We are a deep tech startup with a mission to reduce the consumption of contaminated drinking water and the associated diseases in 6.4 lac gram panchayats across India.
- To address this critical issue, we have developed an easy-to-use, handheld, IoT-based multiparameter water quality analyzer.
- This innovative device requires no scientific training to operate and functions as a decentralized lab within gram panchayats, empowering anganwadi women workers to monitor water quality.
- Our unique AI algorithms, optimized for microcontrollers, have enabled us to create this affordable and scalable solution, bringing clean water to the masses.
1. We have a dynamic team with a founder with over a decade of experience in developing commercially viable technology.
2. The chief revenue officer had a turnover of 80 INR CR in his previous company and studied at XLRI.
3. The chief scientific officer is a PhD from ICGB and an expert in the domain.
4. A strong embedded development team with rich experience.
5. Received National Award for Innovation from CII in 2023.
Previously fund raised :
1. Received a 27 lacs INR grant from Invest India and MoJS.
2. Have raised 35 lacs at a 35 INR crore valuation in the current round.
3. I have been sanctioned a science and technology grant against equity for 50 lacs INR.
4. Nishi Prayas grant sanctioned of 10 lacs.
Business Tags
₹10 to ₹200 Cr
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