Rainmatter, the venture capital arm backed by Zerodha, has made fresh equity investments of INR 10 Cr each in two emerging startups – Boson Whitewater and TruNativ. The announcement marks Rainmatter’s ongoing commitment to supporting innovative ventures across diverse sectors.
Boson Whitewater, a water recycling startup, is focused on converting surplus sewerage treatment plant (STP) water into potable water. The company aims to address the growing water scarcity in cities like Bengaluru, where rapid urbanization has led to a pressing need for sustainable water solutions.
TruNativ, a direct-to-consumer (D2C) nutrition brand, offers a range of nutritional products such as Everyday Protein, Everyday Fibre, and Everyday Sweetener. The company’s products are available on its own website and across various ecommerce platforms.
Rainmatter, an early-stage venture firm, has a broad portfolio with investments in startups across fintech, clean energy, climate tech, and healthtech. Recently, Rainmatter invested INR 58.25 Cr (around $7 Mn) in agritech startup Two Brothers Organic Farms, continuing its focus on high-impact sectors.
In an interview with The Economic Times, Dinesh Pai, head of Rainmatter, stated, “Between 2016 and now, we have invested around INR 650 Cr into a wide range of startups across sectors.” He further elaborated, “Out of Nithin Kamath’s total commitment of INR 1,000 Cr announced last year, around INR 150 Cr has been deployed so far.”
The Bengaluru-based fund has participated in the recent $6.5 Mn funding round for space tech startup GalaxEye, investing INR 5 Cr across initial and follow-up rounds. Rainmatter’s portfolio includes around 100 companies, with a strong presence in fintech, climate tech, and health sectors.
“We understand Indian startups need patient capital to build long-term businesses… We are not investing with an exit time frame in mind, we are patient capital available for startups wanting to build for India and the world with a long-term mindset,” added Pai.
Rainmatter’s investments span across fintech startups such as smallcase, Ditto, and Digio, health and wellness companies like The Whole Truth and Peesafe, and climate tech ventures like Akshayakalpa, Solarsquare, Zerocircle, and Ossus.