DRIP WATER VALUED AT $125 MILLION FOLLOWING INVESTMENT FROM RAYA HOLDING

(MENAFN- PR Newswire) Raya Holding is an Abu Dhabi based investment company specializing in diverse sectors with a focus on strategic growth and value creation. The company engages in various industries, leveraging its expertise to drive innovation and sustainable development with a commitment to excellence.

This investment from Raya Holding will enable Drip Water to enhance its distribution and retail presence throughout the region, fostering strategic partnerships in sports, music, and events.

As part of its growth strategy, Drip Water also plans to develop a state-of-the-art canning facility and a central distribution hub to strengthen its position as a leading mineral water supplier in the Middle East.

Launched in October 2023, Drip Water offers a premium canned alternative to still and sparkling water, with a strong commitment to sustainability. By utilizing aluminium packaging, the brand significantly reduces energy consumption-up to 95% compared to traditional plastic bottles or cartons. The water undergoes natural filtration through chalk layers, enriching it with essential minerals such as calcium and magnesium sourced from deep within England's South Downs, ensuring superior hydration and wellness benefits.

Currently valued at $125 million, Drip Water has experienced rapid growth since its inception and is now available nationwide in leading UK retailers. The brand is also set to launch in the United States in 2025.

Luke Davis, Co-founder of Drip Water, commented:

"The investment from Raya Holding represents a significant milestone in Drip Water's journey. Their expertise and strategic support will be instrumental in accelerating our expansion across the Middle East and beyond. Together, we aim to leverage market insights and regional access to drive global growth and reach an even wider consumer base."

A spokesperson for Raya Holding added:
"At Raya Holding, we are committed to investing in innovative and high-growth brands that align with our vision for sustainability and market expansion. Drip Water's unique approach to premium hydration and environmental responsibility makes it a strong fit for our portfolio. Through this partnership, we look forward to supporting Drip Water's regional expansion and helping the brand reach new milestones on a global scale."

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SOURCE Drip Water

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