Bonphul Air Products Pvt. Ltd, the company behind oxygen optimizer ‘OxyMax’, recently raised Rs 2 crore (Approx $293,000) in an angel funding round from Atul Gupta, director at computer spare parts firm Rx Infotech, and Saurabh Rastogi, director at packaging and food processing machines manufacturer Karmesh Global Technologies.
In a previous round of funding that occurred in October 2017, Bonphul received an undisclosed amount from Satish Bhatia, an investor based in Faridabad.
The funds raised will be used to expand the company’s product portfolio and drive its sales and marketing network. Additionally, it is planning to boost its technology development and provide customized solutions for uses in various segments such as hospitals, schools and shopping malls.
Bonphul was founded by Narendra Bisht and former politician Prodyut Bora in July 2017. They manufactured Oxymax, which operates both an indoor and outdoor unit. The latter harvests oxygen from outside and pumps it inside where it is dispersed by the indoor unit. The company claims that their product increases the level of oxygen indoor from its natural 21%, therefore producing a fresher environment. The company though, stressed that their product operates differently from an air purifier for the latter removes contaminants from the air.
Several startups have been lately trying to find solutions to the increasing amount of air pollution in India. A report by the World Health Organization stated that India ranked nine cities out of the 10 most pollution cities in the world, an infamous award. These include the national capital New Delhi, which recorded an amount of PM 2.5 particle in the air.
While most companies work on providing air purifiers or oxygen optimizers, a large amount of companies are also producing anti-pollution masks.