DrinkPrime Raises $2.2 Million to Expand IoT Water Purifier Business, Moe Puppy Secures ₹2 Crore Pre-Seed Funding
DrinkPrime Funding to Drive Expansion and Technology Enhancement
DrinkPrime, an IoT-enabled water purifier subscription platform, has raised $2.2 million, approximately ₹20 crore, in a funding round led by Mirabilis Investment Trust and Artha Continuum Fund.The Bengaluru-based company plans to deploy the fresh capital toward geographic expansion, strengthening its technology platform, and scaling overall operations.
A significant portion of the investment will be directed at enhancing IoT and data-driven capabilities. These improvements aim to boost device monitoring systems, enable predictive servicing, and elevate customer experience.
The company also intends to expand its field service infrastructure while investing in research and development, along with new product innovation.
DrinkPrime Chief Operating Officer Sanjay Sunku stated that the funding will support the company’s growth ambitions, including scaling operations to 20 cities and targeting service delivery to one million households over the next three years. The company is also focusing on expanding into high-growth Tier-II cities and strengthening its offline retail distribution channels.
Moe Puppy Raises ₹2 Crore to Strengthen Pet Care Business
In a separate development, Gurugram-based direct-to-consumer pet care brand Moe Puppy has raised ₹2 crore in a pre-seed funding round led by PedalStart.The funding round also saw participation from angel investors and Zindagi Live Angel Fund.
According to the company, the newly raised funds will be utilized for research and development, branding initiatives, supply chain optimization, and talent acquisition as it looks to strengthen its presence in the pet care segment.
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