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| Water E-Commerce Startup OwO raises INR 1.5 CR in its Angel Round through ah! Ventures Angel Platform |
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| Water E-Commerce Startup OwO (OwO Technologies Pvt. Ltd.) raises INR 1.5 CR in its angel round of funding from ah! Ventures Angel Platform along with investors from Marwari Angels and others. This is ah! Ventures’ 65th investment taking its total investment portfolio to INR 193 Cr with 10 exits till date. |
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| One of the major problem our world face is of the availability of safe drinking water and in Indian context, this problem becomes much bigger. OwO aims to address this problem through its unique platform, available on both Andriod and IOS, through its unique offerings and delivery services. OwO started with its services in Gurgaon in June 2020 and has since then grown to serve 5000+ customers, serving them daily with safe drinking water. And now OwO is India’s one of its kind and first platform dedicated to beverages, serving both corporates and household customers. |
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| Ajay Channgani, CEO- OwO Technologies, said, “We launched OwO in June 2020 during the middle of global pandemic of Covid-19, and inspite of so many restriction around us, we saw huge demand for our services across Gurgaon. It took just 2 months to have our first 500 customers and since then, OwO never looked backed. Today with more than 5000+ customer we serve who’s who of Industry. We have partnered with all leading brands like Bisleri, Aquafina, Kinley, Bailley, DivyaJal (Packaged Drinking Water) and Himalayan ( Mineral Water) as well as Coca-Cola, Pepsi, Tropicana, Parle, Red Bull, Catch, and many more. We plan to use the funds for expansion into new territories and investing in technology".
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| "With our 3Cs (clean, clear and care) approach, we promise to delivery happiness along with the goods and services we offer. Safety is of extreme importance to us and we ensure that we take all measures required. OwO has become one single window for hospitality sector, corporates and household customers as it offers almost everything in soft beverages. OwO has been adding new categories, brands and products every month to offer a single window to all corporates / organizations for their beverages needs. Not only this, OwO offers these products at much lower price than all its competitors. In addition, we plan to launch 2 unique products of our own and that will disrupt the market for drinking water at large”, says Ajay Chhangani on OwO expansion plan.
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| Ajay Chhangani adds, “OwO is being programmed to be a large national player with operations in few hundred cities across India and the 1st phase of expansion in Rajasthan and UP is about to begin. In our efforts to create a conducive environment for our countrymen, we have decided to bestow a share of our profits for freedom fighters & martyrs, unemployed youth and the underprivileged sections of the society. While the socio-economic up-lifting of India’s people is our prime motto, we also envision to create a disruption in the delivery service industry. We are going to bring a 360⁰ makeover to the supply-chain practices that are being currently followed in the industry.”
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| “Water is a vital part of our daily life, access to safe drinking water is a basic human right, but it's also true that millions still have to struggle to get access to the safe drinking water. Large part of corporates rely on bottled water for their needs, and same is true for consumers across multiple cities and towns where safe drinking water is not available conveniently and there is a struggle involved to get access to it. OWO has built a remarkable business to solve this problem at scale, they want to become a trusted partner to millions and supply them safe drinking water at their convenience, and they are doing it by leveraging technology and forging strong partnerships in this ecosystem.” – said Mansingh Gadhvi, Venture Partner, ah! Ventures.
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| Founder Contact: Ajay Channgani, ajay@owo.in, +91-9910002097.
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| ah! Ventures is one of India’s curated and largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto 1 CR, Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 2000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested close to INR 193 Cr (~27.5 MN USD) in over 50 startups and 65 investments and have announced 10 exits. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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