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April 27, 2014

Deal Alert: SIDBI’s Samridhi Fund invests in Rite Water

Samridhi Fund, the social impact fund managed by SIDBI Venture, has invested in Rite Water Solutions (India) Pvt Ltd which specializes in potable water and water quality improvement solutions. Rite Water has set up over 120 community water centers with water treatment plants in quality affected-villages and currently provides contamination-free safe drinking water to more than 200,000 villagers every day. The company has implemented projects in Maharashtra, Madhya Pradesh, Chhattisgarh and Bihar and focuses on providing potable water solutions to rural villages affected by water quality problems like fluoride, nitrate, arsenic, salinity and bacteriological contamination. Think Capital was the exclusive financial advisor to Rite Water for the transaction. 

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