Affordable Potable Water Solutions Provider Waterlife Receives INR 22 Crores Investment from Matrix Partners

Matrix Partners India has invested INR 22 crore in Waterlife India Private Limited (Waterlife). Waterlife India is a ISO 9001:2008 Certified company focused on providing high quality potable water to underserved and challenging areas in an affordable and sustainable manner, while focusing on green and environmentally friendly technologies. Waterlife has installed safe water systems in more than 1,500 villages & urban areas covering more than 1 million people in a sustainable manner.Matrix Partners India is an investment firm with INR 3,000 crore under management. The firm invests in companies targeting the Indian domestic market with a sector independent investment strategy.

“This capital infusion provides Waterlife the growth capital to expand its scale in the underserved potable water space. We started our work in West Bengal & Uttar Pradesh and presently work in six states to provide potable water solutions. We are now poised to emerge as the leading player in this segment across India. We are very impressed with Matrix’s deep understanding of the water sector & are very pleased to have them as our partner” said Sudesh Menon, Managing Director, Waterlife India Private Limited in a release.