Water purifiers and air conditioners manufacturer Livpure has raised Rs 208 crore ($25 million) in funding from M&G Investments  and around Rs 25 crore ($3 million) from Ncubate Capital Partners.  It  offers water purifiers, subscription-based water purifiers, air coolers, kitchen appliances, mattresses, and sleep accessories among others.

The company stated that new funds will be used to speed up category expansion, product development, expand offerings, market presence and cater to evolving consumer needs in the home category.

It was founded in 2012 by Rakesh Malhotra and Navneet Kapoor. As per report Navodhyam Trust (owned by founders) had more than 50% stake in the company as of last funding round followed by Lakshya Holding which had over 10% holding. It has raised nearly $80 million to date.

For the fiscal year ended in March 2023, firm registered 35% growth in its operating revenue to Rs 294 crore while its losses grew only 10% to Rs 48.62 crore. Water purifiers business has been the key revenue driver for Livpure, and accounted for more than 80% of its total collection.

While the company is yet to file an annual report for FY24, it claims to record a 45% growth across all business segments in the first quarter of the ongoing fiscal year (FY25).

visit: gamicaltech.com/livpure