About SOURCE
SOURCE is a company based in Scottsdale (United States) founded in 2015 by Shikha Kapur. It operates as a Product-as-a-Service and Direct-to-Consumer (D2C). SOURCE has raised $361.26 million across 9 funding rounds from investors including Microsoft, Duke Energy and BlackRock. The company has 5 employees. SOURCE has completed 1 acquisition, including PROUD SOURCE WATER. SOURCE offers products and services including Hydropanel Technology, Residential Water System, Community Water System, and Commercial Water System. SOURCE operates in a competitive market with competitors including NovNat Tech, Aquahara Technology and Agua De Sol, among others.
- Net Loss-₹76 Lakh
FY 2023 · -20541200% margin
- EBITDA-₹74 Lakh
FY 2023 · -20008478% margin
- Total Equity Funding$361.26M (USD)
in 9 rounds
- Latest Funding Round$19.3M (USD), Series D
Feb 2025
- InvestorsMicrosoft
& 10 more
- Employee Count5
- Investments & Acquisitions
Associated legal entities of SOURCE
SOURCE operates through Source Water India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Source Water India Private Limited CIN U41000TN2021PTC141333 | Active | 11 Feb 2021 | Chennai, Tamil Nadu | ₹0.0 Cr | 5 | 2 | View details |
Products & Services of SOURCE
SOURCE offers a comprehensive portfolio of products and services, including Hydropanel Technology, Residential Water System, Community Water System, and Commercial Water System.
Water vapor is converted into clean drinking water.
Solar-powered drinking water is provided for homes remotely.
Scalable drinking water systems are offered for communities.
Customizable water sources are deployed for commercial use.
Funding Insights of SOURCE
SOURCE has successfully raised a total of $361.26M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $19.3 million completed in February 2025. 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 $361.26M
- Total Rounds 9
- Last Round Series D — $19.3M
- First Round $2M
(Nov 2015)
- Investors Count 11
All 9 funding rounds of SOURCE with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2025 | $19.3M | Series D | – | – | – |
| Jul 2022 | $130M | Series D | – | Breakthrough Energy, Drawdown Fund | – |
| Apr 2022 | $108.94M | Series D | – | – | – |
| Jun 2020 | $50M | Series C | – | – | |
| Oct 2018 | $21.61M | Series B | – | – | – |
| Mar 2018 | $22.15M | Series B | – | – | – |
| Oct 2016 | $6.7M | Series A | – | – | – |
| Mar 2016 | $559,980 | Seed | – | – | – |
| Nov 2015 | $2M | Seed | – | – | – |
11 investors in total: 11 institutional.
Investors in SOURCE
SOURCE has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Microsoft, Duke Energy and BlackRock.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Climate solutions are advanced via venture capital and startup acceleration. | – | breakthroughenergy.org | Kirkland, United States | |
Investments are focused on sustainable growth-stage businesses addressing climate change. | – | drawdownfund.com | Park City, United States | |
Investments are made in early-stage tech startups by Fifth Wall. | 2016 | fifthwall.com | New York, United States | |
Venture capital fund focused on multiple sectors | – | windventures.vc | San Francisco, United States | |
Growth-stage technology sectors are targeted for venture capital investments. | – | lightsmithgp.com | New York, United States | |
Microsoft is recognized for software, hardware, and gaming solutions. | 1975 | microsoft.com | Redmond, United States | |
Diversified investment management firm and private fund focused on debt, equity, and secondary market investments in multiple sectors | 1988 | blackrock.com | New York, United States | |
Renewable electricity is produced and distributed across multiple states. | 1904 | duke-energy.com | Charlotte, United States | |
Harvard University's endowment fund is managed by Harvard Management Company. | – | hmc.harvard.edu | Boston, United States | |
Venture capital firm investing in and building material science companies | 2015 | materialimpact.com | Boston, United States |
Investor details for SOURCE
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Source Water India Private Limited (SOURCE)
Source Water India Private Limited is the primary company behind SOURCE. The board of Source Water India Private Limited currently have 2 directors; the longest-serving is Al Hussein Dahya, appointed in 2021. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Al Hussein Dahya DIN 09139486 | Director | 27 Jun 2021 | 5 yrs 3 mo | Source Water India Private Limited |
| Vijayraj Baid Chirag DIN 08334962 | Director | 19 Jun 2024 | 2 yrs 3 mo | Source Water India Private Limited |
People of SOURCE
10 people are tracked at SOURCE (4 in leadership, 6 in team); the tracked headcount is 5.
| Name | Role | Group |
|---|---|---|
Shikha Kapur | Co-Founder | Leadership |
Partheban Annamalai | Senior Vice President Of Global Integrated Supply Chain | Leadership |
Arumugam Varathaiah | Vice President Of Global Quality | Leadership |
Jim Himmes | Director, Strategic Assets | Leadership |
Hooman Daghooghi | Research And Development Engineer | Team |
Chris Lewandowski | Sr. Plant Engineer And Manager | Team |
Siti Fatimah Jahabar Ali | Quality Manager | Team |
Joseph McGrath | Asset Manager | Team |
Jonathan Goldberg | Engineering Manager - Controls | Team |
Kai Wang | Senior Thermal Engineer | Team |
Complete people profiles for SOURCE
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of SOURCE
Figures of Source Water India Private Limited, the primary company behind SOURCE, for FY 2023. Net loss was -₹76 Lakh (-20541200% margin). EBITDA was -₹74 Lakh (-20008478% margin).
- -₹76 LakhNet loss · -20541200% margin
- -₹74 LakhEBITDA · -20008478% margin
- ₹38 LakhPaid-up capital
- 5Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Source Water India Private Limited are on its company page.
Detailed financial statements for SOURCE
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by SOURCE
SOURCE has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PROUD SOURCE WATER.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Brand of spring water | proudsourcewater.com | Mackay, Australia | 2016 | Mar 2023 | •••• |
Complete acquisition details for SOURCE
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of SOURCE
4 dated milestones of SOURCE across 10 years, from founding to its latest funding, stage changes and deals.
- Founded SOURCE is founded.
- Funding First funding round of $2.0M.
- Acquisition Acquires PROUD SOURCE WATER.
- Funding Latest funding round, Series D, of $19.3M.
Competitors of SOURCE
SOURCE 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 NovNat Tech, Aquahara Technology and Agua De Sol, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| novnat.co.uk | 2022 | Birmingham, United Kingdom | – | – | Atmospheric water is generated using metal-organic frameworks. | |
| aquahara.com | 2017 | Olching, Germany | – | – | Engineering firm offering renewable energy storage, dehumidification systems, and business development services. | |
| agua-de-sol.com | 2019 | – | – | – | Generates potable water from air via solar-powered devices for household use. |
Detailed competitors of SOURCE
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of SOURCE
The website of SOURCE (source.co) receives about 15.8K visits a month.
- Monthly visits15.8K
▲ 20.3% vs previous month
Websites whose visitors overlap most with SOURCE. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
sourcerestaurants.com | sourcerestaurants.com | 100% | – | #2,884,966 | – |
Latest news on Source
Complete news archive for SOURCE
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to SOURCE
10 companies that operate in the same segment as SOURCE (Waste & Water Management Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wastewater and energy management services are provided internationally. | 1853 | Aubervilliers, Seine-saint-denis, France | – | USD 52.17 B | 215,040 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Waste collection and management services are provided nationwide. | 1968 | Houston, Texas, United States | – | USD 25.2 B | 61,700 | |
Integrated waste management services are provided nationwide. | 1998 | Phoenix, Arizona, United States | – | USD 16.59 B | 42,000 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | – | |
Sensor-based sorting and recycling solutions are provided for multiple industries. | 1972 | Asker, Viken, Norway | – | USD 1.53 B | 4,950 | |
Smart water dispensers with flavored options are provided for offices. | 2013 | Boston, Massachusetts, United States | USD 135.53 M | – | 102 | |
Surplus goods are shared among neighbors through a mobile app. | 2015 | London, England, United Kingdom | USD 51.2 M | – | – | |
Water and waste treatment services are provided worldwide. | 1966 | London, England, United Kingdom | – | USD 4.18 B | 9,750 |
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Frequently Asked Questions about SOURCE
SOURCE was founded in 2015.
SOURCE is headquartered in Scottsdale, United States. It is registered at Scottsdale, Arizona, United States.
SOURCE is a funded company, having raised a total of $361.26M across 9 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Nov 2015.
SOURCE has 5 employees.
Annual revenue of SOURCE is $0.44 as on Mar 31, 2023.
Clean drinking water is produced by SOURCE through its proprietary Hydropanel technology, which extracts water vapor from the air using solar power. Solutions are provided for residential, community, and commercial needs, addressing water scarcity in remote and off-grid areas. The technology is applied across various sectors, ensuring access to safe drinking water without traditional infrastructure. Scalable and sustainable water systems are offered to meet diverse demands globally.
SOURCE's top competitors include NovNat Tech, Aquahara Technology and Agua De Sol.
SOURCE offers Hydropanel Technology, Residential Water System, Community Water System, and Commercial Water System.
SOURCE has made 1 acquisition, including PROUD SOURCE WATER.
SOURCE has 11 investors. Key investors include Microsoft, Duke Energy, BlackRock, Fifth Wall, and Material Impact.
SOURCE operates through Source Water India Private Limited.
The legal entities of SOURCE currently have 2 directors, including Vijayraj Baid Chirag, Al Hussein Dahya.