Oxygen Optimizer Startup Raises Rs 2 Crore Funding
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...