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DigitalPaani Raises $1.2 Million Led by Elemental Excelerator

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DigitalPaani, a prominent player in revolutionizing water management, has achieved a major milestone by securing $1.2 million in a seed funding round. Elemental Excelerator spearheaded the investment, marking its inaugural venture in Asia. Presently, DigitalPaani's technology is utilized by more than 40 major industry players such as Tata Power, Delhi Jal Board, Britannia, and Leela Hotels. The company specializes in delivering automation and software solutions focused on improving the efficiency of wastewater treatment infrastructure. Furthermore, it plays a vital role in monitoring infrastructure performance, pinpointing issues, and offering corrective guidance.

The seed funding round attracted a diverse group of investors, both global and Indian, with Elemental Excelerator making its first foray into investments in Asia. Indian institutional investors Enzia, Peer Cheque, SAE, DevC, and Bharat Founders Fund participated in the round, alongside contributions from well-known angels including Ashish Goel (Urban Ladder), Alok Mittal (Indifi), Mohit Sadani (Moms Co), and Mohit Tandon (Delhivery). Over the upcoming twelve months, DigitalPaani intends to accelerate its expansion in major urban hubs like Delhi's National Capital Region, Mumbai, Bangalore, Chennai, Pune, and Hyderabad. The company aims to assist more than 150 wastewater treatment facilities during this period, making substantial contributions to India's water sustainability objectives.

Founded by a father-daughter duo, DigitalPaani is dedicated to revolutionizing wastewater management by unlocking its potential to fulfill up to 65 percent of water needs while concurrently reducing costs by up to 35 percent. The startup's IoT-powered platform optimizes plant operations, enhancing the efficiency of wastewater treatment, minimizing downtime, and facilitating water reuse. The fresh capital raised will be used to expand DigitalPaani's technology across additional wastewater treatment plants in India and explore opportunities in prospective markets. Moreover, the funding will play a crucial role in opening new sales channels for the startup.