# Boon

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/boon

- Industry: Power & Utilities
- Headquarters: Gurgaon, India
- Website: www.helloboon.com
- Total disclosed funding: $2.5M
- Latest round: Series A (Jul 27, 2024)
- Investors on record: 1

## About

Boon is an Indian startup specializing in artificial intelligence-driven solutions for water purification and monitoring, aiming to tackle water scarcity and quality issues with innovative technology.Founded in 2015 in Gurgaon, India, Boon focuses on developing technology to address water challenges. The company has raised USD 1.60 mn through its latest funding round, led by ACPL Exports Pvt. Ltd and Rajasthan Asset Management. Boon has completed 5 deals, with its most recent deal dated July 17, 2024. The founders, Advait Kumar and Vibha Tripathi, aim to leverage advanced technologies to enhance water quality.Boon offers advanced AI-enabled water purifiers, smart water monitoring systems, and sustainable water filling solutions. Their flagship products include the Boon Purifier for workplace settings and the Boon Stick, which ensures continuous monitoring of water quality. Additionally, Boon promotes sustainability through its Zero Mile Water systems, reducing single-use plastics by providing sustainable glass water bottles. The company serves over 900 clients, including hospitality chains and Fortune 500 companies across India.In the most recent year of 2022, Boon reported revenues of USD 684,492.60 and an EBITDA of USD 108,438.30. Their revenue model focuses on B2B partnerships, offering products on subscription or as direct sales, and includes collaborations with organizations such as the UNDP and the Government of India to enhance access to clean water solutions.In July 2024, Boon secured a deal as part of a larger USD 5 million equity and debt funding round, led by new investor Roca Venture. The funding will support the development of their innovative AI-enabled platform called Waterlo. Future initiatives include the introduction of new products and expansion into additional markets, although specific regions or products have not yet been detailed.

## Funding rounds

- Series A, Jul 27, 2024, $2.5M — Roca Venture

## Investors

- Roca Venture (https://capitalatlas.ai/funds/roca-venture) — Series A