Boson Whitewater helps treat excess water from the Sewerage Treatment Plant (STP) and convert it into potable water, which can help solve water scarcity problems in big cities like Bengaluru.
TruNativ is a direct-to-consumer (D2C) brand that sells nutritional products such as Everyday Protein, Everyday Fiber, and Everyday Sweetener through its own website and e-commerce channels.
Rainmatter, which invests in fintech, clean energy, climate tech and health tech startups, has invested Rs 30 crore in several companies in the last two months. These include follow-on rounds in healthcare startup Devil’s Circuit, climate-focused startup GreenWorms and financial technology Actlogica launched.
“Between 2016 and now, we have invested around Rs 650 crore in a wide range of startups across sectors,” said Dinesh Pai, director at Rainmatter. “From (Zerodha co-founder and CEO) Nithin Kamath’s total commitment of Rs 1,000 crore announced last year“Around Rs 150 crore have been deployed so far,” Pai said.
Zerodha also runs a non-profit organization called Rainmatter Foundation.
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Rainmatter also recently participated in the Space technology startup GalaxEye closes $6.5 million funding roundSo far, the fund has invested Rs 50 crore in the startup in the first and subsequent rounds. “We believe that geospatial data has a role to play in solving problems related to, for example, early warning of climate-related disasters and erratic weather patterns. GalaxEye seeks to solve that problem besides several other use cases in defence and agriculture,” Pai said.
In total, the Bengaluru-based fund has invested in around 100 companies, including 31 fintech companies, 28 climate tech companies and 21 companies operating in the health and nutrition-focused sector.
“We understand that Indian startups need patient capital to build long-term businesses… We are not investing with an exit time frame in mind, we are patient capital available to startups who want to build for India and the world with a long-term mindset,” Pai said.
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