Rite Water Solutions Secures Funding to Tackle Water Scarcity in Rural India
Investor Mukul Agarwal has recently invested in Rite Water Solutions, a leading provider of clean water solutions in India. The company successfully completed its series-B funding round, raising an impressive amount of Rs 32.5 crore on February 10th. In addition to Agarwal, Gunavanth Vaid, renowned for his preference for SME and small-cap companies, also participated in the funding round.
This recent funding marks a significant milestone for Rite Water Solutions, bringing its total capital raised to an impressive Rs 100 crore. The company’s mission is to tackle the challenges of water scarcity and quality, with a specific focus on rural regions of India. Their efforts align with their vision of “Transforming Bharat,” and the funding will enable them to expand their reach and impact in providing sustainable drinking water solutions.
Rite Water Solutions is at the forefront of innovative and sustainable clean water solutions. Their diverse portfolio includes projects in water treatment, wastewater management, solar pumping, and IoT applications. By bridging the gap in access to safe drinking water, the company aims to create a healthier world and contribute to the overall transformation of India.
Investing in companies like Rite Water Solutions presents an opportunity for socially responsible investing. Experts believe that water scarcity is a pressing issue that will continue to grow in the future. With limited solutions currently available, addressing this problem presents significant sectoral opportunities. By investing in companies focused on “Smart Water Solutions,” investors can not only generate financial returns but also contribute to positive social change.
Socially responsible investing, also known as sustainable investing, considers the alignment of investors’ moral values with their financial objectives. It prioritizes positive social impact alongside financial returns, making it an attractive strategy for those looking to create change through their investment decisions.
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Analyst comment
Positive news: Rite Water Solutions secures funding to tackle water scarcity in rural India. The company’s series-B funding round raised Rs 32.5 crore, bringing their total capital raised to Rs 100 crore. This funding will enable the company to expand their reach and impact in providing sustainable drinking water solutions in rural regions of India. Investing in companies like Rite Water Solutions presents an opportunity for socially responsible investing. Experts believe that water scarcity is a pressing issue with significant sectoral opportunities.
