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[Funding News] Boon Raises $5 Mn Series A Funding Round from Spanish Roca Group Ventures

By Team VS
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The Spanish Roca Group Ventures has led a Series A funding round of $5 million (approximately INR 41 crore) in a blend of debt and equity infusion for the Gurugram-based watertech startup Boon (formerly Swajal).

Boon intends to utilise the new capital to enhance our technology and broaden our services globally, with a particular emphasis on the markets of North America and Southeast Asia. Additionally, this infusion will assist us in the creation of platforms for the administration of water purification.

Boon asserts that it has collaborated with hotel industry titans such as Shangri-La Group, JW Marriott, and Grand Hyatt.

Read also - Validus Fintech Raises Seed Funding Round from AUM Ventures

Boon provides water purifiers and dispensers that are equipped with AI technology. This technology evaluates the health of the equipment and recommends maintenance measures, such as notifying the user about purifier servicing. Boon asserts that its IoT technology enables the real-time evaluation of the purity and quantity of drinking water.

At the present time, the cleantech sector in India is experiencing significant investor interest.

About Boon

Founded in 2015 by Kumar and Vibha Tripathi, Water has taken a back seat. Good health means you need to focus on food, fitness and many other fads. Boon wishes to change the water order. The most basic human need – drinking water – is the most important health essential in today's world.

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