Bonphul air products, the 10 month old start-up has raised Rs two crore in an Angel Investment Round from Rx Infotech and Karmesh Global Technologies.
Bonphul is the developer of OxyMax, India’s first and the world’s second oxygen optimizer. OxyMax is a path-breaking product which increases the oxygen level in the indoor air from its current level to 21 per cent, creating an environment of freshness and vigour.
It operates in a “split” mode, with an outdoor unit and an indoor unit. The outdoor unit harvests oxygen from the outside air and pumps it indoor, where it is dispensed by the indoor unit.
In October last, the start-up had received an undisclosed amount of seed capital from Faridabad-based investor Satish Bhatia.
Good quality air contains 21% oxygen, 78% nitrogen and 1% other gases. However, in most cities, the oxygen level in air has gone down.
Oxygen outdoors has been recorded at 18% while indoor even lesser. This leads to a whole host of problems: some immediate and some long-term.
Commenting on this new development, Narendra Bisht, COO and Co-Founder said, “The company will use the invested funds for expansion of its product portfolio, and widening its sales & marketing network. The company also plans to infuse funds into technology development, and roll out highly customized solutions for users in different verticals like hospitals, schools, shopping malls etc.”
Expressing their trust in Bonphul, Atul Gupta, Director, Rx Infotech said, “Bonphul has the right combination of technology expertise, business acumen and domain knowledge to win the customers need for good quality air. We are delighted to collaborate with Bonphul and look forward to the exciting next phase of growth.”
“The narrative on air pollution has, sadly, remained limited to particulate matter PM 2.5. I really admire the Bonphul team’s desire to take a comprehensive view of indoor air quality and tackle the most important problem of all: the falling levels of oxygen in our cities and in our homes,” added Saurabh Rastogi, Director, Karmesh Global Technologies.