About Rite Water Solutions
Rite Water Solutions is a company based in Nagpur (India) founded in 2006. Rite Water Solutions has raised $13.97 million across 5 funding rounds from investors including Incofin Investment Management, SIDBI Venture Capital and Gunavanth Vaid. The company has 112 employees as of June 21, 2024. Rite Water Solutions offers products and services including Water Purification Plants, Solar Irrigation Pumps, and IoT Monitoring Systems. Rite Water Solutions operates in a competitive market with competitors including HYDROP, among others.
- Headquarter Nagpur, India
- Employees 112 as on 21 Jun, 2024
- 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 Rite Water Solutions (India) Limited
- Jurisdiction Nagpur, Maharashtra, India
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Annual Revenue
$14.46 M (USD)51.71as on Mar 31, 2023
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Net Profit
$3.07 M (USD)63.37as on Mar 31, 2023
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EBITDA
$4.47 M (USD)129.7as on Mar 31, 2023
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Total Equity Funding
$13.97 M (USD)
in 5 rounds
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Latest Funding Round
$3.92 M (USD), Series B
Feb 07, 2024
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Investors
Incofin Investment Management
& 22 more
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Employee Count
112
as on Jun 21, 2024
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Products & Services of Rite Water Solutions
Rite Water Solutions offers a comprehensive portfolio of products and services, including Water Purification Plants, Solar Irrigation Pumps, and IoT Monitoring Systems.
Systems for purifying water in rural and industrial areas.
Pumps using solar energy for agricultural water supply.
Digital tools for efficient water and energy management.
Funding Insights of Rite Water Solutions
Rite Water Solutions has successfully raised a total of $13.97M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $3.92 million completed in February 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 5
- Last Round Series B — $3.9M
- First Round First Round
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series B - Rite Water Solutions | Valuation |
investors |
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| Oct, 2023 | Amount | Series B - Rite Water Solutions | Valuation | Incofin Investment Management |
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| Jun, 2015 | Amount | Seed - Rite Water Solutions | Valuation | SIDBI Venture Capital |
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Investors in Rite Water Solutions
Rite Water Solutions has secured backing from 23 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Incofin Investment Management, SIDBI Venture Capital and Gunavanth Vaid.
| 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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Investments are focused on advanced technologies for global challenges.
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Founded Year | Domain | Location | |
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Impact investing in agriculture, water access, and microfinance across emerging markets.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rite Water Solutions
Financial Statements - Rite Water Solutions
Rite Water Solutions Comparisons
Competitors of Rite Water Solutions
Rite Water Solutions 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 HYDROP, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Manages a digital hub for on-demand drinking water delivery services.
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Latest news on Rite Water Solutions
Frequently Asked Questions about Rite Water Solutions
Rite Water Solutions was founded in 2006 and raised its 1st funding round 7 years after it was founded.
Rite Water Solutions is headquartered in Nagpur, India. It is registered at Nagpur, Maharashtra, India.
Abhijeet Gaan is the current CEO of Rite Water Solutions.
Rite Water Solutions is a funded company, having raised a total of $13.97M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.51M, raised on Apr 15, 2013.
As of Jun 21, 2024, the latest employee count at Rite Water Solutions is 112.
Annual revenue of Rite Water Solutions is $14.46M as on Mar 31, 2023.
Rite Water Solutions was established in 2006 in Nagpur, India, within the water treatment sector. Various purification systems, including Reverse Osmosis, Ultrafiltration, and Water Softening, are offered. Technologies such as electrolytic processes, nanotechnology-based water quality solutions, and membrane filtration are utilized in operations. A network of drinking water stations is maintained to serve consumers across the region. Key leadership includes the proprietor and CEO Managing Director.
Rite Water Solutions's top competitors include HYDROP.
Rite Water Solutions offers Water Purification Plants, Solar Irrigation Pumps, and IoT Monitoring Systems.
Rite Water Solutions has 23 investors. Key investors include Incofin Investment Management, SIDBI Venture Capital, Gunavanth Vaid, GJNX Ventures, and 1955 Capital.
The valuation of Rite Water Solutions is $52.12M as of Feb 2024.