About DrinkPrime
DrinkPrime is a company based in Bengaluru (India) founded in 2016 by Vijender Reddy Muthyala and Manas Ranjan Hota.. DrinkPrime has raised $17.11 million across 11 funding rounds from investors including Angel List, Northern Arc Capital and UC Inclusive Credit. DrinkPrime operates in a competitive market with competitors including Livpure Smart, Bepure, OCEO, Peore and Filtrex Technologies, among others.
- Headquarter Bengaluru, India
- Founders Vijender Reddy Muthyala, Manas Ranjan Hota
- Stage Minicorn
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Sectors
EnvironmentRetail Consumer Technology
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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 Waterwala Labs Private Limited
- Date of Incorporation 01 Mar, 2016
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$3.62 M (USD)125.5as on Mar 31, 2023
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Net Profit
$-3.29 M (USD)-27.89as on Mar 31, 2023
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EBITDA
$-2.46 M (USD)-14.94as on Mar 31, 2023
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Total Equity Funding
$17.11 M (USD)
in 11 rounds
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Latest Funding Round
$3 M (USD), Series B
May 07, 2024
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Investors
Angel List
& 74 more
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Employee Count
Employee Count
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Funding Insights of DrinkPrime
DrinkPrime has successfully raised a total of $17.11M across 11 strategic funding rounds. The most recent funding activity was a Series B round of $3 million completed in May 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 11
- Last Round Series B — $3.0M
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First Round
First Round
(01 Sep 2017)
- Investors Count 75
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Series B - DrinkPrime | Valuation | 9Unicorns | |
| Aug, 2023 | Amount | Series A - DrinkPrime | Valuation |
investors |
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| Jul, 2022 | Amount | Debt – Conventional - DrinkPrime | Valuation |
investors |
| 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 DrinkPrime
DrinkPrime has secured backing from 75 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Northern Arc Capital and UC Inclusive Credit. 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 management for SMEs and startups in India.
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Founded Year | Domain | Location | |
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Startup accelerator
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Founded Year | Domain | Location | |
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Early-stage investments are targeted by the venture capital firm.
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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 DrinkPrime
| 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 - DrinkPrime
| 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 |
Drinkprime Comparisons
Competitors of DrinkPrime
DrinkPrime 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 Livpure Smart, Bepure, OCEO, Peore and Filtrex Technologies, 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 water purification systems and subscription-based maintenance services
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| domain | founded_year | HQ Location |
Water purifiers and filters are sold via an online platform.
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| domain | founded_year | HQ Location |
Smart water purifiers with real-time monitoring are provided by OCEO.
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| domain | founded_year | HQ Location |
Internet first brand of nano technology based water purifiers
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| domain | founded_year | HQ Location |
Manufactures advanced water filters with activated carbon for purification and treatment.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Drinkprime
Frequently Asked Questions about DrinkPrime
When was DrinkPrime founded?
DrinkPrime was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is DrinkPrime located?
DrinkPrime is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of DrinkPrime?
Vijender Reddy Muthyala is the current CEO of DrinkPrime. They have also founded this company.
Is DrinkPrime a funded company?
DrinkPrime is a funded company, having raised a total of $17.11M across 11 funding rounds to date.
What is the annual revenue of DrinkPrime?
Annual revenue of DrinkPrime is $3.62M as on Mar 31, 2023.
What does DrinkPrime do?
DrinkPrime was founded in 2016 in Bengaluru, India, as a provider of rental services for IoT-enabled ROUV water purifiers. Various filtration options and usage plans are offered to customers, along with lifetime maintenance that covers installation within 48 hours. An app is provided for tracking water consumption, quality, and filter status. Operations focus on eliminating upfront and ongoing costs in the water purification sector.
Who are the top competitors of DrinkPrime?
DrinkPrime's top competitors include Livpure Smart, Peore and OCEO.
Who are DrinkPrime's investors?
DrinkPrime has 75 investors. Key investors include Angel List, Northern Arc Capital, UC Inclusive Credit, Wellfound, and LetsVenture.
What is DrinkPrime's valuation?
The valuation of DrinkPrime is $29.37M as of Aug 2023.
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