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™.
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.
People of Boon
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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.
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.
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Venture capital fund investing in multiple sectors
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Consumer internet startups are accelerated and funded by TLabs.
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Innovative startups are supported by Roca Group Ventures through investments.
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Investor details for Boon
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Investments & Acquisitions by Boon
Investment portfolio details for Boon
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Financial Statements - Boon
Detailed financials for Boon
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Boon Comparisons
Peer comparison for Boon
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of smart water purifier rental and maintenance services
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Internet-first brand offering water purifier
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Provider of water purification systems and subscription-based maintenance services
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Microfiltered flat and sparkling water is produced by hospitality fountains.
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Home water purification systems with full-spectrum filtration are provided.
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Internet first brand of nano technology based water purifiers
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Detailed competitors of Boon
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Latest news on Boon
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Frequently Asked Questions about Boon
Boon was founded in 2015.
Boon is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Boon is a funded company, having raised a total of $9.61M across 9 funding rounds to date.
As of Apr 05, 2024, the latest employee count at Boon is 1.
Annual revenue of Boon is $1.51M as on Mar 31, 2023.
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.
Boon's top competitors include DrinkPrime, Livpure Smart and Mitte Water.
Boon offers WaterAI™, Purify, Refill, and WaterStick™.
Boon has 20 investors. Key investors include SIDBI, Rajasthan Venture Capital Fund, Agra Chains, Saurya Enertech, and Shankar Vishwanathan.
The valuation of Boon is $23.19M as of Jul 2024.