Cirkul Water Bottle Company raise $70 billion in Series C funding
Cirkul, a startup known for its water bottles with flavor cartridges, has raised $70 billion in Series-C funding. Cirkul reached the $1 billion value milestone thanks to fundraising coordinated by SC Holdings, a private equity group. Cirkul will be able to expand its business capacities across the United States thanks to the new funding. Cirkul and its water bottles became well-known a year ago when a TikTok video highlighting the product was posted. The video was an instant hit, with about 1 billion people watching it. Everything was unexpected for Cirkul’s CEO and Founder, Garrett Waggonner, as what began as a simple business idea turned into an internet sensation overnight.
Cirkul bottles have sold about 1.5 million pieces since April 2021, according to Walmart and shareholder communication, making it a top-performing product in the home appliances sector. During his collegiate years, Garrot Waggoner played football for Dartmouth College. Following and preceding matches. He used to experiment with flavor granules in his drinking water. He had a habit of making shambles in the locker room. That’s when Garret came up with the idea of creating a water bottle with flavor cartridges, which would eliminate the need for messy situations. Cirkul was discovered in 2018 by Garry Waggoner and his college friend Andy Gay. The TikTok video, according to Garry Waggonner, was unexpected. There were no plans for sponsored promotion, either offline or online, by the corporation.
WHAT IS EXACTLY CIRKUL WATER BOTTLES?
It’s a type of plastic water bottle that can hold cartridges of various flavors. Water will turn sweet and pleasant once we fix this cartridge and sip it from the bottle. There is a dial-like device that can be adjusted to raise or decrease the density of flavor. The company currently offers more than 50 flavors, with plans to expand to 100 in the coming months. Cirkul Water Bottles are an obvious choice for environmentally aware people because they have sustainable features including fewer plastic bottles and 96 percent lower carbon emissions from transportation.