Zerodha-backed early-stage investment firm Rainmatter has made two new strategic investments, allocating Rs 10 crore each to Boson Whitewater, a water recycling company, and TruNativ, a nutrition-focused brand.
The investment reflects the firm’s continued focus on supporting startups across a range of sectors, including climate tech, healthcare tech and sustainability.
Notably, Rainmatter has invested over Rs 300 crore in various startups in the last two months. Zerodha also runs a non-profit arm called Rainmatter Foundation.
What does Boson Whitewater do?
Founded in 2011 by Vikas Brahmavar and Gowthaman Desingh, Boson Whitewater is a water recycling startup that converts wastewater treatment plant (STP) water into potable water.
The Bengaluru-based startup is already working with IT parks, malls and apartment complexes to recycle treated water for human consumption.
TruNativ Offers
Founded by Pranav and Mamta Malhotra in 2019, TruNativ is a Mumbai-based direct-to-consumer (D2C) brand offering nutritional food products.
The startup’s product line includes offerings such as Everyday Protein, Everyday Fiber and Everyday Sweetener, aimed at providing healthy alternatives to consumers.
TruNativ focuses on nutritional transparency and caters to people who prioritize health and sustainability. TruNativ sells its products through its own website and various e-commerce platforms, making them accessible to a broad audience looking for healthier food options.
The broader vision of Rainmatter
Dinesh Pai, Director at Rainmatter, shared the company’s broader investment strategy. Since 2016, Rainmatter has invested around Rs 650 crore in startups across sectors such as fintech, clean energy and healthcare technology.
“Of Nithin Kamath’s total commitment of Rs 1,000 crore, around Rs 150 crore has been deployed so far,” Pai said, referring to the Zerodha co-founder and CEO.
Pai said Indian startups need patient capital to build businesses for the long term. He said Rainmatter is not investing with a short-term exit framework in mind and the firm would make capital available to startups that want to build for India and the world with a long-term mindset.
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