Overview

Name DripTech Inc.
Logo Logo6.png
Vision To make affordable drip irrigation for small plot farmers in developing nations.
Year 2008
Company type For-profit
Sector Water
Region of operation Karnataka, Maharashtra, Tamilnadu, Jharkhand
Headquarters address Plot No.650, House No. 37-18/91,Defense Colony, Sainikpuri, Secunderabad, Telengana Country: India Zip: 500094
Website
Contact
Social media links

Details

Target problem Issues related to flood irrigation in small-plot farming- wastage of water, lower yields, highly labor intensive, unaffordability of irrigation systems.
Key product / Service Affordable Drip Irrigation for Small-Plot Farmers
Founders
Team size 10-50
Number of beneficiaries 50000
Awards and recognition
  • Startup was selected as a 2012 Technology Pioneer by the World Economic Forum
  • Named by BusinessWeek as one of the world's most intriguing new companies
  • Voted by BusinessWeek readers as one of the top 5 most promising social ventures in America
  • Driptech had also been named in the prestigious 2012 Global Cleantech 100 List of the Top Private Companies in Clean Technology
  • 2009 Tech Awards Laureate by the Tech Museum


Funding and Operating Model

Funding round Series A
Total funding raised
Investors
NameRoundAmount RaisedType of FundingAnnounced OnWeb URL
Khosla Impact
Westlake Chemical Corporation
Business details Driptech is laser-focused on making affordable irrigation technologies for small-plot farmers in developing countries. Driptech is focused on the radically distributed manufacturing needed to efficiently reach small plot farmers. They have developed rugged machinery to manufacture this simplified drip irrigation optimized for small farms set up in factories the size of a shipping container at 5% of the capital cost of a typical centralized factory. This has several important implications: (1) lower prices (2) customization for local sub-markets and rapid response to seasonal product shifts, and (3) job creation and goodwill for our brand in rural areas.
The goal of DripTech is to set up local manufacturing operations so he can lower costs and get the company to profitability.  For $50,000, Driptech can set up a facility that makes tubing for 50,000 farmers per year.the are scaling up for high-volume commercial roll-out in India
Partners and key clients Partners: Khosla Impact (Vinod Khosla), Westlake Chemical Corporation of Houston, Texas.

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