Indra Water raises $4 Million from Climate Angels, Mela Ventures, and others.

ClimateAngels | Feb 02, 2024

INDRA WATER, a provider of smart water treatment systems, has secured $4 million in a Series A funding round. The startup raised funding from Climate Angels, Emerland Technology Ventures, Mela Ventures, and Peak Sustainability Venture. 

INDRA was co-founded in 2017 by Amrit Om Nayak and Krunal Patel, and it develops economical, compact, and smart water treatment systems for recycling domestic & industrial wastewater for non-potable reuse applications.    

According to the company, its technology leverages ionic reactions to remove pollutants such as unwanted substances, heavy metals, suspended solids, phosphorous, fats, oil, grease, pathogens, dissolved organics, and other toxicants from the water. Their plug-and-play proprietary water treatment system recovers about 99% of treated water and requires 90% less space than other treatment systems on the market.  

Amrit Om Nayak, the co-founder, said, ‘Solving the wastewater treatment challenge needs continuous innovation and relentless commitment. This partnership gives us a lot of conviction to confidently pursue and deliver on our promise to drive the world’s transition towards sustainable water management.’  

INDRA’s current focus is on industrial effluents from sectors like textiles, steel manufacturing, pharmaceuticals, chemicals, and sewage from hotels and commercial properties, though its impact spans various other sectors where the need for cleaning water through treatment is paramount.

Climate Angels is excited to announce its investment in INDRA. Water Treatment is a core sector that demands sustainable technological solutions, and INDRA’S water treatment systems hold the potential to address critical challenges in the area.  

The estimated current size of the Indian water treatment market is $ 12 billion, and this is expected to reach $20 billion by 2030.