Thinkphi a clean-tech company which creates sustainably engineered products that intelligently conserve water, energy and waste raised an angel round of funding from serial entrepreneur Nimmagadda Prasad an early backer of successful companies such as; Matrix Laboratories, Maa TV, and Care Hospitals. Most recently he invested in Sachin Tendulkar’s ISL team Kerala Blasters.
The company has made some early sales of its patented Rainwater and Solar harvesting product to key customers like Godrej Interio and Rustomjee. The angel round of funding will be deployed primarily towards expanding operations, R&D team and starting of sales and distribution activities. With a mission to building a sustainable business the company plans to stay asset light and ensure focused effort and detail is spent on product design, material selection and manufacturing process.
Established in 2015 by, Samit Choksi and Priya Vakil Choksi, Thinkphi was founded with a mission to build aesthetically pleasing, yet simple products that create positive impact on the environment through the use of sustainable and renewable resources. Within a short span since inception, Thinkphi has steadily built a team of engineers with a background in mechanical, computer science and industrial design who believe that simple ideas, inspired by nature, have the power to change the world.