Bengaluru, India — Rainmatter, the early-stage venture firm backed by Zerodha, has invested Rs 10 crore each in two innovative start-ups: Boson Whitewater and TruNativ. This funding underscores Rainmatter’s ongoing commitment to nurturing disruptive start-ups.
Boson Whitewater is focused on addressing urban water scarcity by converting excess sewage treatment plant (STP) water into potable water. The company’s technology aims to tackle water crises in cities like Bengaluru.
TruNativ offers a range of nutritional products, including Everyday Protein, Everyday Fibre, and Everyday Sweetener, through its direct-to-consumer e-commerce channels. The brand emphasizes direct consumer engagement in the nutrition space.
Dinesh Pai, head of Rainmatter, revealed that the firm has invested approximately Rs 650 crore in diverse start-ups since 2016. Out of the Rs 1,000 crore commitment announced by Zerodha co-founder Nithin Kamath last year, Rs 150 crore has been deployed. Pai stressed Rainmatter’s focus on long-term growth and sustainable solutions rather than quick exits.
Rainmatter recently invested over Rs 30 crore in several start-ups within the past two months, backing around 100 companies. Notable recent investments include follow-up rounds in health start-up Devil’s Circuit, climate tech firm Green Worms, and fintech company Actologica. The firm also participated in a $6.5 million funding round for space tech start-up GalaxEye.
Summary:
- Funding Details: Rainmatter invested Rs 10 crore each in Boson Whitewater and TruNativ.
- Boson Whitewater Focus: The start-up aims to convert sewage water into potable water to address urban water crises.
- TruNativ Focus: The D2C brand offers nutritional products through its e-commerce channels.
