According to reports, Nexus Venture Partners, a Mumbai-based venture capital firm, is investing Rs 9 crore into Greywater Technologies Pvt Ltd, a company providing packaged products for water and waste water treatment. Greywater operates in India through its wholly owned subsidiary Jaldhara Technologies.
Jaldhara Technologies Pvt Ltd is a specialised technology company in the space of water, wastewater treatment and recycling. It designs, engineers, supplies, installs, tests and commissions the treatment solutions. Apart from being a water waste management specialist, the technology-based company also distributes water treatment products such as cartridge filters, distillation units and chemical feed pumps.
The cleantech company provides solutions across pre-treatment, waste water treatment and chemical conditioning of water, sewage effluent treatment and recycling. Jaldhara’s products for water and wastewater treatment are targeted at residential and commercial complexes, IT/ITES parks, hotels, malls, hospitals, etc. Jaldhara offers pre-fabricated products which are plug-and-play, and save space and operating costs, compared to conventional bespoke solutions available in the market.
Greywater is founded by Harshad Bastikar, who was previously the SBU head at Thermax Water, a water & waste solutions business offering green solutions in the field of water and wastewater treatment. Nexus worked with the founding team to finalise the business plan, market approach and product launch. The monies will be used by the company for a global footprint. It is currently focused on the Indian sub-continent.
Bastikar, founder & CEO of Jaldhara Technologies, said, “Our packaged products which are based on proven technologies, save space, reduce costs and are easy to install. We aim to become the market leader, based on our innovative approach, and the partnership with Nexus is a critical milestone in building our business.”
According to Anup Gupta, Nexus Venture Partners MD who has joined the board of directors of Greywater Technologies, “The growing pressures of urbanisation are accelerating the need for waste water treatment and recycling.”