About Maithri Aquatech
Maithri Aquatech is a company based in Secunderabad (India) founded in 2016 by Richard Rekhy, Ramkrishna Mukkavilli, and Pawan Wasant Borle.. Maithri Aquatech has raised $534.97 thousand across 2 funding rounds from investors including BeyondWater, Jaitra Wellness and Govindaswamy Kishore Babu. The company has 27 employees as of April 25, 2024. Maithri Aquatech offers products and services including MEGHDOOT, MEGHDOOT Signature Series, MEGHDOOT Magnum Series, and MEGHDOOT Premium Series. Maithri Aquatech operates in a competitive market with competitors including Water Harvesting Inc, RussKap Water, VayuJal, Water Generating Systems and Imhotep Industries, among others.
- Headquarter Secunderabad, India
- Employees 27 as on 25 Apr, 2024
- Founders Richard Rekhy, Ramkrishna Mukkavilli, Pawan Wasant Borle
- 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 Maithri Aquatech Private Limited
- Date of Incorporation 08 Dec, 2016
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$862.13 K (USD)95.6as on Mar 31, 2022
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Net Profit
$41.26 K (USD)47.02as on Mar 31, 2022
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EBITDA
$55.38 K (USD)-79.97as on Mar 31, 2022
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Total Equity Funding
$534.97 K (USD)
in 2 rounds
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Latest Funding Round
$296.7 K (USD), Seed
Jul 13, 2022
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Investors
BeyondWater
& 5 more
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Employee Count
27
as on Apr 25, 2024
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Products & Services of Maithri Aquatech
Maithri Aquatech offers a comprehensive portfolio of products and services, including MEGHDOOT, MEGHDOOT Signature Series, MEGHDOOT Magnum Series, and MEGHDOOT Premium Series. 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.
Generates clean water from air for various applications.
Premium generator for homes and institutions.
Industrial-scale device for community water needs.
Advanced system for high-demand settings.
Funding Insights of Maithri Aquatech
Maithri Aquatech has successfully raised a total of $534.97K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $296.7 thousand completed in July 2022. 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 2
- Last Round Seed — $296,699
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First Round
First Round
(03 Mar 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Seed - Maithri Aquatech | Valuation | Beyond Water | |
| Mar, 2021 | Amount | Angel Round - Maithri Aquatech | Valuation | Govindaswamy Kishore Babu |
| 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 Maithri Aquatech
Maithri Aquatech has secured backing from 6 investors, including institutional and angel investors. Prominent investors backing the company include BeyondWater, Jaitra Wellness and Govindaswamy Kishore Babu. 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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Technology solutions are provided to generate water from air.
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Founded Year | Domain | Location | |
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Water treatment solutions are provided by Jaitra Wellness in India.
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Founded Year | Domain | Location | |
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GK
Govindaswamy Kishore Babu |
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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 Maithri Aquatech
| 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 - Maithri Aquatech
| 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 |
Maithri Aquatech Comparisons
Competitors of Maithri Aquatech
Maithri Aquatech 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 Water Harvesting Inc, RussKap Water, VayuJal, Water Generating Systems and Imhotep Industries, 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 |
Technology solutions provider for air to water systems
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| domain | founded_year | HQ Location |
An innovative atmospheric water generation technology for sustainable solutions.
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| domain | founded_year | HQ Location |
Technology solution for generating water from air
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| domain | founded_year | HQ Location |
Solutions for harvesting atmospheric water into drinking water are provided.
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| domain | founded_year | HQ Location |
Provider of drinking water services
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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 Maithri Aquatech
Frequently Asked Questions about Maithri Aquatech
When was Maithri Aquatech founded?
Maithri Aquatech was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Where is Maithri Aquatech located?
Maithri Aquatech is headquartered in Secunderabad, India. It is registered at Secunderabad, Telangana, India.
Who is the current CEO of Maithri Aquatech?
Naveen Mathur is the current CEO of Maithri Aquatech.
Is Maithri Aquatech a funded company?
Maithri Aquatech is a funded company, having raised a total of $534.97K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $238.27K, raised on Mar 03, 2021.
How many employees does Maithri Aquatech have?
As of Apr 25, 2024, the latest employee count at Maithri Aquatech is 27.
What is the annual revenue of Maithri Aquatech?
Annual revenue of Maithri Aquatech is $862.13K as on Mar 31, 2022.
What does Maithri Aquatech do?
Maithri Aquatech was founded in 2016 in Secunderabad, India, as a manufacturer of atmospheric water generators. Potable water is extracted from ambient air through these systems, which support decentralized solutions for residential, commercial, and industrial applications. Operations focus on scalable designs that operate independently of conventional water supplies, addressing scarcity in varied settings across sectors like sustainability and resource management.
Who are the top competitors of Maithri Aquatech?
Maithri Aquatech's top competitors include Water Harvesting Inc, VayuJal and Fresh Water.
What products or services does Maithri Aquatech offer?
Maithri Aquatech offers MEGHDOOT, MEGHDOOT Signature Series, MEGHDOOT Magnum Series, and MEGHDOOT Premium Series.
Who are Maithri Aquatech's investors?
Maithri Aquatech has 6 investors. Key investors include BeyondWater, Jaitra Wellness, Govindaswamy Kishore Babu, Podugu Manikya Rao, and Deepteja Poola.
What is Maithri Aquatech's valuation?
The valuation of Maithri Aquatech is $84.88M as of Jul 2022.