About Boon
Boon is a company based in Gurugram (India) founded in 2015 by Advait Kumar, Satyendra Kumar, and Vibha Tripathi. It operates as a AI-as-a-Service, Pay-per-Use / Usage-Based, and Product-as-a-Service. Boon has raised $9.61 million across 9 funding rounds from investors including SIDBI, Rajasthan Venture Capital Fund and Agra Chains. The company has 1 employees as of April 05, 2024. Boon offers products and services including WaterAI™, Purify, Refill, and WaterStick™. Boon operates in a competitive market with competitors including DrinkPrime, Mitte Water, Livpure Smart, Castalie and Wisewell, among others.
- Headquarter Gurugram, India
- Employees 1 as on 05 Apr, 2024
- Founders Advait Kumar, Satyendra Kumar, Vibha Tripathi
- Stage Minicorn
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Sectors
Environment
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Swajal Water Pvt Ltd
- Date of Incorporation 24 Dec, 2014
- Jurisdiction Palam Road, Haryana, India
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Annual Revenue
$1.51 M (USD)132.97as on Mar 31, 2023
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Net Profit
$6.12 K (USD)420.13as on Mar 31, 2023
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EBITDA
$154.37 K (USD)59.25as on Mar 31, 2023
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Total Equity Funding
$9.61 M (USD)
in 9 rounds
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Latest Funding Round
$5 M (USD), Series A
Jul 17, 2024
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Investors
SIDBI
& 19 more
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Employee Count
1
as on Apr 05, 2024
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Products & Services of Boon
Boon offers a comprehensive portfolio of products and services, including WaterAI™, Purify, Refill, and WaterStick™. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI dashboard for monitoring water purification systems remotely.
Filtration systems enhanced with proprietary UltraOsmosis™ technology.
Systems for in-house water purification and packaging solutions.
Device to convert purifiers into smart purification systems.
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Funding Insights of Boon
Boon has successfully raised a total of $9.61M across 9 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series A — $5.0M
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First Round
First Round
(27 Jul 2015)
- Investors Count 20
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Debt – Conventional - Boon | Valuation |
investors |
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| Jul, 2024 | Amount | Series A - Boon | Valuation | Roca Group Ventures |
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| Feb, 2021 | Amount | Seed - Boon | Valuation | Rajasthan Venture Capital Fund , Agra Chains |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Boon
Boon has secured backing from 20 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SIDBI, Rajasthan Venture Capital Fund and Agra Chains. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund investing in multiple sectors
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Founded Year | Domain | Location | |
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Consumer internet startups are accelerated and funded by TLabs.
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Founded Year | Domain | Location | |
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Innovative startups are supported by Roca Group Ventures through investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Boon
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Boon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Boon Comparisons
Competitors of Boon
Boon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DrinkPrime, Mitte Water, Livpure Smart, Castalie and Wisewell, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of smart water purifier rental and maintenance services
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| domain | founded_year | HQ Location |
Internet-first brand offering water purifier
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| domain | founded_year | HQ Location |
Provider of water purification systems and subscription-based maintenance services
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| domain | founded_year | HQ Location |
Microfiltered flat and sparkling water is produced by hospitality fountains.
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| domain | founded_year | HQ Location |
Home water purification systems with full-spectrum filtration are provided.
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| domain | founded_year | HQ Location |
Internet first brand of nano technology based water purifiers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Boon
Frequently Asked Questions about Boon
When was Boon founded?
Boon was founded in 2015.
Where is Boon located?
Boon is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is Boon a funded company?
Boon is a funded company, having raised a total of $9.61M across 9 funding rounds to date. The company's 1st funding round was a Seed of $1.6M, raised on Jul 27, 2015.
How many employees does Boon have?
As of Apr 05, 2024, the latest employee count at Boon is 1.
What is the annual revenue of Boon?
Annual revenue of Boon is $1.51M as on Mar 31, 2023.
What does Boon do?
Boon is focused on providing innovative water purification systems and AI-driven water management solutions. The company operates in the water technology sector, offering products like WaterAI for remote monitoring, Purify systems with UltraOsmosis technology, and Refill solutions for in-house water packaging. Sustainability is emphasized through glass bottle refilling systems to reduce plastic usage. Boon serves a diverse clientele, including leading hotels, global corporates, and luxury resorts, with scalable solutions tailored to various establishment sizes. Impact is created from individual hydration to global environmental benefits, addressing water purity and eco-friendliness.
Who are the top competitors of Boon?
Boon's top competitors include DrinkPrime, Livpure Smart and Mitte Water.
What products or services does Boon offer?
Boon offers WaterAI™, Purify, Refill, and WaterStick™.
Who are Boon's investors?
Boon has 20 investors. Key investors include SIDBI, Rajasthan Venture Capital Fund, Agra Chains, Saurya Enertech, and Shankar Vishwanathan.
What is Boon's valuation?
The valuation of Boon is $23.19M as of Jul 2024.
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