Indore, India-based water service provider GoPaani raised USD 600K in a seed funding round on April 27, 2022. 3one4 Capital, PointOne Capital, and a host of angel investors, including Mukund Jha ( Dunzo Co-founder), participated in the funding for GoPaani.
Meanwhile, other angel investors in the seed round included Rohit Gupta, CEO, Dream Game Studios; Sharath Gururaj, India Head, Cermati.com; Devendra Laulkar, Co-founder, Avoma; Satish Thakur, AVP, Swiggy; and two US-based investors Dan Clay Ellis, Founder, RallyTeam; and Kaushal Lahankar, Head of Machine Learning, S&P Global.
Purpose of Funding for GoPaani
GoPaani is a one-step solution for every daily water service provider to manage their business hassle-free. The startup aims to be a complete app-based solution for every day delivery businesses in India.
Starting with water jar suppliers, its app allows businesses to keep track of product inventory from dispatch, delivery, collection and unloading.
Many small businesses and vendors continue to operate offline within a radius of 5-8 km and calculate inventory and sales in traditional ways by maintaining ledgers on paper. The process is both time-consuming and prone to causing loss.
GoPaani is trying to equip these small businesses with products to digitize their journals and manage their expenses and staff.
What the founder has to say
Ankit Ranka, Co-founder of GoPaani, said, “We started GoPaani to solve the problems faced by over 1.2 million water delivery businesses in India like product loss, billing issues, poor customer service. We have seen adoption with other delivery businesses facing similar milk and tiffin delivery problems. With GoPaani already present in 15 states across India and eight different languages, we plan to focus on water delivery businesses and build the product for a wider set of delivery businesses starting next year.”
Arpit Sharda, Co-founder, GoPaani, said, “Before GoPaani, I was into plastic sourcing, manufacturing and trading. I saw the pain points of delivery businesses such as water and milk suppliers very closely and now and then got requests for technical help from these businesses. When I discussed this with Ankit, we decided to launch a digital representation of the daily sheets that these businesses carry – that was the starting point for us. From there on, we kept on building what our customers needed.”
What the investor has to say
Anurag Ramdasan, the Partner, 3one4 Capital, said, “GoPaani has a significant impact on water jar delivery or daily delivery business. Daily delivery businesses serve billions of customers every day but still rely on pen and paper for collections and inventory management, which results in inefficiency and pilferages.”
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