Boson Whitewater helps treat excess sewerage treatment plant (STP) water into potable water, which can help solve the water scarcity problems in large cities like Bengaluru.
TruNativ is a direct-to-consumer (D2C) brand that sells nutritional products like Everyday Protein, Everyday Fibre, and Everyday Sweetener through its own website and ecommerce channels.
Rainmatter, which invests in startups across fintech, clean energy, climate tech and healthtech, has pumped in Rs 30 crore into multiple companies in the last two months. These include follow-on rounds in health startup Devil’s Circuit, climate-focused startup GreenWorms, and fintech startup Actlogica.
“Between 2016 and now, we have invested around Rs 650 crore into a wide range of startups across sectors,” said Dinesh Pai, head of Rainmatter. “Out of (Zerodha cofounder and chief executive) Nithin Kamath’s total commitment of Rs 1,000 crore announced last year, around Rs 150 crore has been deployed as of now,” Pai said.
Zerodha also runs a not-for-profit arm named Rainmatter Foundation.
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Rainmatter also participated in the recently closed $6.5-million funding round of space tech startup GalaxEye. The fund has so far pumped in Rs 5 crore into this startup across the first and follow-up round.“We believe that geospatial data has a role to play to solve problems around, say, early warning for climate-related disasters and erratic weather patterns. GalaxEye is looking to solve that problem apart from several other use cases in defence and agriculture,” Pai said.
Overall, the Bengaluru-based fund has invested in around 100 companies, including 31 fintech companies, 28 companies in climate tech, and 21 firms operating in the health and nutrition-focused sector.
“We understand 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 for startups wanting to build for India and the world with a long-term mindset,” Pai said.