In a significant boost for the sustainability and health sectors, Rainmatter, an early-stage venture firm backed by Zerodha, has invested Rs 10 crore each in Boson Whitewater, a water recycling startup, and TruNativ, a direct-to-consumer (D2C) nutrition brand.
Both companies are poised to address critical issues in their respective fields, from solving urban water scarcity to enhancing nutritional access for consumers.
Boson Whitewater: Tackling Water Scarcity with Innovative Recycling Technology
Boson Whitewater is at the forefront of addressing the water crisis, particularly in rapidly growing cities like Bengaluru.
The startup specializes in treating excess sewage treatment plant (STP) water and converting it into potable water.
With urban areas facing severe water shortages, Boson Whitewater’s solutions can provide a much-needed alternative for regions struggling with resource constraints.
The water recycling company’s technology is aimed at reducing the dependence on freshwater sources, promoting sustainability, and ensuring a steady supply of clean water for urban populations.
Rainmatter’s Rs 10 crore investment will help Boson Whitewater scale its operations and expand its reach to cities facing similar water challenges.
TruNativ: Revolutionizing Nutrition with D2C Products
TruNativ is a fast-growing D2C brand focused on improving access to essential nutrition through products such as Everyday Protein, Everyday Fibre, and Everyday Sweetener.
These offerings cater to health-conscious consumers who seek clean, high-quality nutritional supplements to support their wellness goals.
The brand has gained popularity through its own website and major e-commerce platforms, offering a convenient way for consumers to integrate vital nutrients into their daily diets.
With Rainmatter’s backing, TruNativ is expected to accelerate its product development and further enhance its customer base, driving more awareness about balanced nutrition.
Rainmatter’s Broader Investment Strategy
Rainmatter’s investments extend beyond Boson Whitewater and TruNativ, with the venture firm pouring Rs 30 crore into startups over the last two months.
These investments include follow-on funding rounds in health startup Devil’s Circuit, climate-focused GreenWorms, and fintech company Actlogica.
Rainmatter’s commitment to diverse sectors like fintech, clean energy, climate tech, and healthtech aligns with its mission to support startups that create a positive impact on society and the environment.
According to Dinesh Pai, head of Rainmatter, the firm has invested Rs 650 crore since its inception in 2016. Out of Zerodha co-founder Nithin Kamath’s pledged Rs 1,000 crore, Rs 150 crore has already been deployed across a range of ventures.
Rainmatter Foundation: A Not-for-Profit Initiative
Rainmatter is not just focused on profit-driven investments. The venture firm also runs a not-for-profit arm called the Rainmatter Foundation, which is dedicated to initiatives that align with sustainability and environmental goals.
Through this foundation, Rainmatter supports various projects that contribute to long-term solutions for societal challenges.
Rainmatter’s Support for Space Tech: GalaxEye
In addition to its investments in climate and healthtech, Rainmatter has also been actively supporting space technology ventures.
The firm participated in a recent $6.5-million funding round for GalaxEye, a space tech startup that focuses on geospatial data.
Geospatial data is increasingly seen as a crucial tool for addressing challenges like early warning systems for climate-related disasters, erratic weather patterns, and other vital use cases in agriculture and defense.
Rainmatter has already invested Rs 5 crore into GalaxEye through its initial and follow-on funding rounds.
Conclusion
Rainmatter’s strategic investments in startups like Boson Whitewater and TruNativ highlight its commitment to fostering innovation in critical areas such as sustainability, nutrition, and climate tech.
As the venture firm continues to deploy funds across diverse sectors, it is positioning itself as a key player in supporting impactful startups that drive positive change in society.
By addressing issues like water scarcity, nutritional access, and climate resilience, Rainmatter is playing a pivotal role in shaping a future that is both sustainable and equitable.
