IAN backs sustainable water management startup BOSON Whitewater with INR 3.45 crore investment
New Delhi, 24th February 2022: BOSON Whitewater, a sustainable water management startup has raised INR 3.45 crore in a funding round led by IAN (Indian Angel Network). The round was led by veteran lead angel Nagaraja Prakasam, who also will join the board. The Bengaluru-based company aims to utilize the freshly infused investment to grow its team, grow its water delivery infrastructure and expand operations across Bengaluru to recycle 500 Cr litres/year. The funding will also contribute towards launching an awareness and marketing campaign, so every citizen can reuse and recycle water to make NEWater of Singapore possible in Bengaluru.
Founded in 2011 by Vikas Brahmavar and Gowthaman Desingh, the company makes water softeners, industrial water treatment systems and recently Water Recovery Boson Whitewater system with the vision to emerge as the 3rd source of water” after Municipal Water (Rain, River, etc..) and Groundwater (Borewells). It aims to become a water utility company supplying the highest quality water recovered from wastewater. BOSON WhiteWater System is working with IT parks, malls, industries and apartment complexes to recover potable water from their STP treated water.
Vikas Brahmavar, Founder, BOSON Whitewater said, “Indian cities need sustainable water infrastructure which is only possible with the reuse of wastewater. When wastewater is efficiently reused, the demand for freshwater drastically reduces. At BOSON Whitewater, we focus on recovering potable/highest quality water from wastewater and we believe it will reduce groundwater exploitation. Boson Whitewater will be the 3rd source of water and would be the most dependable source of the highest quality water. If it is utilized across Bengaluru, the dependency on Cauvery Phase 5 drastically reduces and any water saved water is directly available to farmers in the river belt thereby lowering the cost of pumping water to the city.”
Nagaraja Prakasam, Lead Investor at IAN, said, “Like my other portfolios Saahas Zero Waste (diverting 23M tons of waste from landfills) and Carbon Masters (producing bio-CNG, Organic Fertilizer from waste) demonstrating circular economy in a unique way, I’m very impressed to see how Vikas made the decentralized wastewater recovery possible using his tech background. Bengaluru has a very active citizen group that cares for the environment. If 5000+ apartments of Bengaluru start using BOSON Whitewater, we can recycle up to 200 cr litres of water that goes to drain daily. This can help Mandya and Tanjore farmers, as Bengaluru takes away their water to meet its explosive growth. It is the best possible win-win for everyone in the cycle and the environment. We are excited to invest in BOSON, which has turned an environment mission into a business model.”
The company is currently setting up an advanced water recovery system with a reliable water delivery infrastructure.
About Indian Angel Network:
Indian Angel Network is India’s first and world’s largest business angel network with close to 500 members across the world, comprising the who’s who of successful entrepreneurs and dynamic CEOs. With investors from 12 countries, IAN’s presence spans 7 locations, which includes cities in India and the UK. The network is sector agnostic and has funded start-ups across 17 sectors in India and 7 other countries growing global footprint companies. With an excellent track record, IAN has been giving excellent cash exits year-on-year to its investor members, for the last 11 years. Some of its marquee investee companies include Druva, Box8, Sapience Analytics, WOW Momos, Consure, Fareye amongst many others.
IAN has also launched the IAN Fund, an INR 375 crore fund, which is a uniquely differentiated seed/early stage Fund that aims to transform India’s entrepreneurial landscape. The fund invests in innovative companies in sectors including healthcare and medical devices, VR, AI, software as a service, marketplaces, fin-tech, big data, artificial intelligence, agritech, and hardware. With this, IAN has created the single largest platform for seed and early-stage investing, enabling entrepreneurs to raise from Rs. 25 lakhs to Rs. 50 crores.