Friday, May 27, 2022
HomeInsightFunding Alert GoPaani raises $600k in Seed round funding

[Funding alert] GoPaani raises $600k in Seed round funding

 GoPaani
GoPaani

Indore-based platform, GoPaani has raised $600K in Seed funding round from investors including 3one4 Capital, PointOne Capital, and a host of angel investors including Mukund Jha (co-founder of Dunzo) among others.

Many angle investors like Sharath Gururaj (India Head, Cermati.com), Devendra Laulkar (Co-founder, Avoma), 6 Columbia University Alumni – Rohit Gupta (CEO, Dream Game Studios), Satish Thakur (AVP, Swiggy) and two USbased investors Dan Clay Ellis (Founder of RallyTeam) and Kaushal Lahankar (Head of Machine Learning of S&P Global) also participated in this round.

Founded in 2019 by Ankit Ranka and Arpit Sharda, GoPaani is an app for water jar suppliers in managing their business.

It helps the water suppliers to keep track of every jar and helps in payment collection. Apart from this various reports help the owner to run the Water Jar Distribution business smoothly.

Its customers are able to track deliveries, make bill payments, give star ratings to deliveries, order additional products and message business owners – this brings transparency and improves customer experience.

“We started GoPaani to solve the problems faced by over 1.2 million water delivery businesses in India like product loss, billing issues, poor customer service. We have seen adoption with other delivery businesses facing similar problems like milk and tiffin delivery. With GoPaani already present in 15 states across India and 8 different languages, we plan to focus on water delivery businesses and build the product for a wider set of delivery businesses starting next year”, said, Ankit Ranka, Co-Founder, GoPaani.

As more and more people increasingly use digital devices, many small businesses and vendors continue to operate offline. These businesses mainly operate within a radius of 5-8 km and calculate inventory and sales by traditional methods by creating a ledger on paper which is both time-consuming and cost-effective.

The startup is trying to change this by equipping these small businesses with a suite of products to digitize their magazines and manage their expenses and employees.

“Before GoPaani, I was into plastic sourcing, manufacturing and trading for over 8 years. I saw the pain points of delivery businesses such as water, milk suppliers very closely and every now and then got requests for technology help from these businesses. When I discussed this with Ankit, we decided to launch a digital representation of the daily sheets that these businesses carry – that was the starting point for us. From there on, we kept on building what our customers needed”, said, Arpit Sharda, Co-founder, GoPaani.

“GoPaani is having a significant impact on Water Jar delivery or daily delivery business in general. Daily delivery businesses serve billions of customers every day but still rely on pen and paper for collections and inventory management which results in inefficiency and pilferages”, said, Anurag Ramdasan, Partner, 3One4 Capital.

So far the company started with its initial network of water supplier contacts in central India and used existing online listings to reach a more extensive network across the country. In addition, the startup said that they are connected to water suppliers in each region by being part of their WhatsApp group, which has helped them reach multiple customers at once.

About GoPaani

GoPaani offers a software solution that helps water delivery business owners to run their business in the most hassle-free way.

The app simplifies customers’ day-to-day tasks and helps them to run their businesses efficiently.

They understand the challenges faced in the water delivery business. With the GoPaani app, water jar distributors can eliminate all the challenges and ensure business growth.

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