Rainmatter, the early-stage investment firm backed by Zerodha, has made two significant investments, allocating Rs 10 crore each to Boson Whitewater and TruNativ. This move reflects Rainmatter’s ongoing commitment to supporting startups in various sectors, including climate tech, health tech, and sustainability. In the last two months alone, the firm has invested over Rs 30 crore in multiple startups. Additionally, Zerodha also operates a not-for-profit arm, the Rainmatter Foundation.
Boson Whitewater: Revolutionizing Water Recycling
Boson Whitewater, founded in 2011 by Vikas Brahmavar and Gowthaman Desingh, is a Bengaluru-based water recycling startup that specializes in converting water from sewage treatment plants (STPs) into potable or drinkable water. The startup collaborates with IT parks, malls, and apartment complexes to recycle treated water, making it safe for human consumption. Boson Whitewater’s innovative approach addresses the critical need for sustainable water management in urban areas.
TruNativ: Promoting Nutrition and Healthy Living
TruNativ, founded in 2019 by Pranav and Mamta Malhotra, is a Mumbai-based direct-to-consumer (D2C) brand focused on providing nutritional food products. The startup offers a range of products including Everyday Protein, Everyday Fibre, and Everyday Sweetener, all designed to offer healthier alternatives to conventional food options. TruNativ emphasizes transparency in nutrition, catering to consumers who prioritize health and sustainability. The brand sells its products through its own website as well as various e-commerce platforms, making it accessible to a broad audience seeking healthier dietary choices.
Rainmatter’s Broader Vision for Investment
Dinesh Pai, the head of Rainmatter, shared insights into the firm’s broader investment strategy. Since its inception in 2016, Rainmatter has invested approximately Rs 650 crore in startups across diverse sectors such as fintech, clean energy, and health tech. Pai highlighted that out of Nithin Kamath’s total commitment of Rs 1,000 crore, about Rs 150 crore has already been deployed. He emphasized that Rainmatter is focused on providing patient capital to help startups build long-term, sustainable businesses. The firm does not invest with a short-term exit strategy in mind but instead aims to support startups that are dedicated to building solutions for both India and the global market.
