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Urvu Labs Raises $4 Million From JITO Angel Network

Since its inception in 2019, Urvu Labs has raised $4 million in funding

Urvu Labs Raises $4 Million From JITO Angel Network

Outlook Start-Up Desk

POSTED ON March 27, 2023 9:04 AM

Bengaluru-based start-up Urvu Labs has raised $2.3 million in a seed funding round led by JITO Angel Network, Anicut Capital, Speciale Invest and Rocketship.vc. Vesta, Spectrum Impact, ZNL Growth Fund, VERSO, Echo River Capital, and multiple individual investors participated in the round. 

The seed funding round came nearly three two years after the company raised an undisclosed amount in its pre-seed round. Special Invest led the investment round. 

Since its inception in 2019, it has raised $4 million in funding.

The company will utilise the newly-generated fund in scaling up its business. Additionally, it is eying to build partnerships with other players in the beverage industry. 

Founded in 2019 by Pardeep Garg, Swapnil Shrivastav, Venkatesh R and Govinda Balaji, the company is known for producing drinking water by using atmospheric moisture and renewable energy. In a statement, the company claimed to deliver ten thousand liters of drinking water per day.

Talking about the latest development, Pradip Garg, the co-founder of Urvu, said, “Our mission is to revolutionise the water industry with breakthrough technologies that create a sustainable future for everyone. The seed funding round from JITO Angel Network, Anicut Capital, and Speciale Invest validates our efforts and the potential of our technology to address the pressing issue of water scarcity.”

Addressing their decision to invest, Rajat Mehta from JITO Angel Network, said, “We are thrilled to support Uravu Labs in their mission to provide affordable and scalable water solutions. Their technology has the potential to revolutionise the way we access and use water. This investment is a great opportunity to back a cutting-edge technology that can help address one of the most pressing global challenges of our time.” 

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