Drinkwell Systems
Latest round
- Seed
Last raised
- Mar 2018
Total raised
- Undisclosed
Investors
- 3
About Drinkwell Systems
Drinkwell Systems develops innovative water purification technologies, focusing on affordable and accessible drinking water solutions for communities in Bangladesh and India.Founded in 2013, Drinkwell Systems specializes in water purification solutions, including Water ATM Booths and household filters. The company was initiated by Arup SenGupta, Mike German, and Minhaj Chowdhury.Drinkwell primarily offers innovative water purification solutions through its flagship products, including Water ATM Booths, household water filters, and turnkey systems designed for both urban and rural applications. The Water ATM Booths, a collaborative initiative with Dhaka WASA, provide safe drinking water at an affordable rate of 80 paisa per liter, significantly reducing costs compared to traditional bottled water options. Customers include low-income communities in Dhaka, Bangladesh, where these ATMs facilitate access to potable water via prepaid smart cards. Additionally, Drinkwell serves various clients, ranging from small non-governmental organizations to large public utilities in both Bangladesh and India, ensuring that over 1 million liters of water are purified daily through their technology-integrated systems.Drinkwell's revenue generation model revolves around the utilization of its Water ATM Booths and other purification systems, financed through a partnership structure with Dhaka WASA. Each Water ATM operates on a cost-sharing basis, where users purchase water via prepaid smart cards at a price of 80 paisa per liter. This model allows for a steady stream of income from end users who directly benefit from affordable drinking water. Additionally, Drinkwell engages in B2B transactions with NGOs and public utilities, delivering customized water solutions that further enhance its revenue streams.Drinkwell Systems intends to expand its product offerings and market presence. The company is developing new water purification products and plans to launch these innovations in the upcoming year. Geographically, Drinkwell aims to extend its operations into additional regions in Bangladesh and neighboring countries by the end of 2024.
Who invested in Drinkwell Systems
3 investors across 1 round
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Funding rounds
Seed
Mar 14, 2018
Amount
Undisclosed
Investors
Questions about Drinkwell Systems
Who invested in Drinkwell Systems?
Drinkwell Systems has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Drinkwell Systems raised?
Drinkwell Systems has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Drinkwell Systems last raise money?
Drinkwell Systems's most recent round on record is a Seed, in Mar 2018.
What does Drinkwell Systems do?
Drinkwell Systems develops innovative water purification technologies, focusing on affordable and accessible drinking water solutions for communities in Bangladesh and India.
Where is Drinkwell Systems headquartered?
Drinkwell Systems is headquartered in Dhaka, Bangladesh.
Which VCs invest in companies like Drinkwell Systems?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Peak XV Partners, MPCi and Luminous Ventures back power & utilities companies at Drinkwell Systems's stage. Their profiles are linked below.
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