Indore-based startup, GoPaani, has raised $600K seed funding from investors such as 3one4 Capital, PointOne Capital, and a host of angel investors including Mukund Jha (Dunzo co-founder) among others.
Founded by childhood friends Ankit Ranka and Arpit Sharda, GoPaani is a one-step solution for every daily water service provider to manage their business in a hassle-free way. GoPaani aims to be a complete app-based solution for daily delivery businesses in India. Starting with water jar suppliers, this app allows businesses to keep track of product inventory from dispatch, delivery, collection and unloading. Employees of these businesses get their app login to make delivery entries, and the business admin can track and generate real-time reports on employees’ work. Customers are also able to keep track of deliveries, make bill payments, give star ratings to deliveries, order additional products and message business owners - this brings transparency and improves customer experience.
The seed funding round saw participation from the leadership team of 3one4 Capital and PointOne Capital. Angel investors include Mukund Jha (Dunzo Co-founder), 6 Columbia University Alumni - Rohit Gupta (CEO, Dream Game Studios), Sharath Gururaj (India Head, Cermati.com), Devendra Laulkar (Co-founder, Avoma) and others, Satish Thakur (AVP, Swiggy) and two US-based investors Dan Clay Ellis (Founder, RallyTeam) and Kaushal Lahankar (Head of Machine Learning, S&P Global).
Ankit Ranka, Co-founder, 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 problems like milk and tiffin delivery. With GoPaani already present in 15 states across India and 8 different languages, we plan to focus on water delivery businesses and build the product for a wider set of delivery businesses starting next year.”
As more and more Indians increasingly use digital tools, many small businesses and vendors continue to operate offline. These businesses primarily operate within a radius of 5-8 km and calculate inventory and sales in traditional ways by maintaining ledgers on paper — which are both time-consuming and prone to causing loss.
