# Drinkwell Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/drinkwell-systems

- Industry: Power & Utilities
- Headquarters: Dhaka, Bangladesh
- Website: www.drinkwellsystems.com
- Latest round: Seed (Mar 14, 2018)
- Investors on record: 3

## About

Drinkwell Systems develops innovative water purification technologies, focusing on affordable and accessible drinking water solutions for communities in Bangladesh and India. Their flagship products include Water ATM Booths and household filters designed for both urban and rural settings.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 is headquartered in Dhaka, Bangladesh, and has successfully raised capital through funding rounds, with the most recent funding occurring on March 14, 2018, led by ADAP Capital. The company has completed one deal to date.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. This comprehensive approach aims to address the pressing issue of water scarcity and quality in vulnerable regions by providing reliable solutions that incorporate advanced technology and sustainable practices.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. The firm’s commitment to reinvesting profits into the project ensures sustainability and growth while directly supporting community needs in the regions they serve.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. Recent funding of an undisclosed amount raised on March 14, 2018, from ADAP Capital and other investors will be utilized to support these product developments and expansion efforts.

## Funding rounds

- Seed, Mar 14, 2018 — TPG, 1to4 Foundation, ADAP Capital

## Investors

- TPG (https://capitalatlas.ai/funds/tpg) — Seed
- 1to4 Foundation — Seed
- ADAP Capital (https://capitalatlas.ai/funds/adap-capital) — Seed