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Wednesday, June 19, 2024

Boon: Meet the mother-son duo that built a startup for sustainable water solutions

Watertech startup Boon, founed by Vibha Tripathi and Advait Kumar, reduces plastic waste and improves clean water access. Over 300 clients and five lakh people use the company’s services daily…

The Central Pollution Control Board estimates 3.3 million metric tonnes of plastic garbage in India annually.

According to the UN, just 9% of worldwide plastic garbage gets recycled, and most of it ends up in waterways. By 2050, oceans will have more plastic than fish. In Orb Media’s investigation, the State University of New York found that microplastics polluted 93% of the water.

Boon, a worldwide water-tech firm using IoT, aims to address two issues simultaneously: plastic waste reduction and improved access to clean water.

Vibha Tripathi and Advait Kumar started Boon in 2015. The Gurugram and Singapore startup provides drinking water to villages, rural areas, hotels, and corporations.

Boon developed Clairvoyant, a patented IoT technology, to operate its big fleet of distributed treatment units.

Hotels and offices adopted the technology. This inspired Zero Mile Water, which uses sustainable glass bottles instead of plastic ones, Kumar tells YourStory.

Boon’s business is 60% hotel, 30% corporate, and 10% WaterATMs, a solar-powered self-service water replenishment solution.

With R&D in Gurugram, the startup operates in 17 states. Its teams are in Mumbai, Pune, Dehradun, Hyderabad, Chennai, Kolkata, and Bengaluru.

Over 300 clients and five lakh individuals use it daily. Boon charges anywhere from sub-1 lakh to multiple lakhs.

Boon is expanding 4X YoY and expects to earn Rs 35 crore in FY23-24 and close to 90 crore next year. It will launch a B2C home water filtration product.
The start

To become Swajal, Boon developed the WaterATM. The corporation installed these WaterATMs in villages with poor water quality or shortages.

Boon has deployed hundreds of WaterATMs in villages in Punjab, Haryana, Rajasthan, Madhya Pradesh, and Odisha to address regional water issues.

The company works with IRCTC to supply safe drinking water at train stations.

It provides low-cost drinking water to communities in conjunction with the Department of Science and Technology, Trade Development Board, and Ministry of New and Renewable Energy.

The firm will soon deliver clean drinking water to impoverished African and Sub-Saharan regions.
Water solutions using IoT

Clairvoyant, Boon’s AI-enabled IoT water purification technology, tracks, customizes, and analyzes drinking water 24/7. Boon water purifiers and dispensers ensure clean water by monitoring quality and quantity in real time.

AI tools monitor equipment, recommend maintenance, and sterilize containers with WaterOZO Technology. It captures purification data for design upgrades.

The startup sells WaterSense, WaterCube, and ZeroMileWater.

WaterSense forecasts water use using predictive analytics and AI. ZeroMileWater delivers water within zero miles using Made-in-India devices, while WaterCube filters without plastic waste or carbon emissions using Boon’s AI-based purifier.

Kumar says allowing partners and customers to purify water on site and use automated filling devices to sanitize glass bottles cuts transportation costs and provides a high-quality, personalized experience.

Boon uses IoT to make its machines more visible and functional. Integrating water dispensers with IoT devices gives technicians real-time data for simultaneous repair scheduling.

It also helps prevent machine downtime with preemptive maintenance. Operators can monitor many machines, whereas a service engineer can handle many, he says.

Boon claims their NetZero Water Initiative replaces 22 plastic bottles per minute.

This business claims its water purifiers are 4X more efficient and hold 3X more minerals than regular ones.

Its Zero Mile Water Initiative has decreased carbon emissions by over 500,000 kilos, equivalent to 26,000 mature trees absorbing a year.
Market and growth

According to Mordor Intelligence, the India Water and Wastewater Treatment Technologies Market will increase from $0.92 billion in 2023 to $1.54 billion in 2028, a 10.78% CAGR.

Boon raised $1.6 million from RVCF Rajasthan Asset Management Company Pvt Ltd (RAMC) through RVCF III – India Growth Fund and a group managed by Pramod Agarwal.

The Middle East and South Asia-based company wants to grow into Thailand, Indonesia, and the Philippines to protect the delicate Asean ecology, minimize plastic waste, and lower the region’s carbon impact. International expansion is planned.

Boon wants to invest $10 million in ASEAN and earn $50 million in the following four years.

Conclusion

In 2015, watertech startup Boon launched to reduce plastic waste and enhance clean water access. Over 300 clients and five lakh customers use the B2B and B2G company daily. The AI-enabled IoT water purification platform Clairvoyant allows stakeholders track, adjust, and analyze drinking water 24/7. Boon sells WaterSense, WaterCube, and ZeroMileWater. WaterSense monitors and forecasts water use using predictive analytics and AI, WaterCube filters without plastic waste or carbon emissions using Boon’s AI-based purifier, and ZeroMileWater delivers water within zero miles using Made-in-India devices.

Boon’s NetZero Water Initiative replaces 22 plastic bottles each minute and uses 4X more efficient water purifiers. The India Water and Wastewater Treatment Technologies Market is estimated to expand 10.78% from $0.92 billion in 2023 to $1.54 billion in 2028. Through RVCF III – India Growth Fund and Pramod Agarwal’s investors, RAMC provided $1.6 million to the company. Boon wants to expand into Thailand, Indonesia, and the Philippines to protect the delicate Asean ecosystem, decrease plastic waste, and lower carbon emissions.

Sunil Pandey
Sunil Pandey

The business professional who loves penning down his thoughts/ insights on business, entrepreneurship, & startups. His ability to break down complex business concepts into easy & concise write-ups makes him a wonderful author. He believes that writing is a powerful tool for communication and education.

Sunil Pandey
The business professional who loves penning down his thoughts/ insights on business, entrepreneurship, & startups. His ability to break down complex business concepts into easy & concise write-ups makes him a wonderful author. He believes that writing is a powerful tool for communication and education.

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