Zerodha's Rainmatter invests Rs 10 crore each in Boson Whitewater, TruNativ; Check details

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 various sectors, including climatetech, healthtech, and sustainability. 

Notably, Rainmatter has invested over Rs 30 crore in multiple startups within the last two months. Zerodha also runs a not-for-profit arm named 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 sewage treatment plant (STP) water into potable or drinkable water.

The Bengaluru-based startup is already working with IT parks, malls, and apartment complexes to recycle treated water for human consumption. 

TruNativ offerings

Founded by Pranav and Mamta Malhotra in 2019, TruNativ is a Mumbai-based direct-to-consumer (D2C) brand that offers nutritional food products. 

The startup's product line includes offerings such as Everyday Protein, Everyday Fibre, and Everyday Sweetener, aimed at providing healthy alternatives to consumers.

It focuses on transparency in nutrition and caters to people who prioritize health and sustainability. TruNativ sells its products through its own website and various e-commerce platforms, making it accessible to a wide audience looking for healthier dietary options.

Rainmatter’s broader vision

Dinesh Pai, head of Rainmatter, shared the firm’s larger investment strategy. Since 2016, Rainmatter has invested around Rs 650 crore into startups across sectors like fintech, clean energy, and healthtech.

“Out of Nithin Kamath’s total commitment of Rs 1,000 crore, around Rs 150 crore has been deployed as of now,” said Pai, referring to Zerodha’s co-founder and CEO. 

Pai reportedly said that Indian startups need patient capital to build long-term businesses. He said that Rainmatter is not investing with a short-term exit frame in mind and that the firm would make capital available for startups wanting to build for India and the world with a long-term mindset.