CleanTech INDRA Secures $4 Million in Series A Funding Led by Emerald Technology Ventures and Mela Ventures

• ByStartupStory     |    January 18, 2024

INDRA, a smart water treatment systems provider, has successfully raised $4 million in a Series A funding round. The funding was led by cleantech pioneer Emerald Technology Ventures, based in Switzerland, and Mela Ventures. The round also saw participation from Peak Sustainability Ventures and The Climate Angels.

INDRA, co-founded by Amrit and Krunal in 2017, addresses the complex challenge of water treatment in the industrial and sewage segments through its patented electro-chemical oxidation & coagulation process. The company’s technology utilizes ionic reactions to eliminate pollutants, including a diverse range of unwanted substances such as heavy metals, suspended solids, phosphorus, fats, oil, grease, pathogens, and dissolved organics, from wastewater.

What sets INDRA apart is its proprietary water treatment solution, a plug-and-play system that requires 90% less space compared to existing solutions while recovering up to 99% of treated water. This modular and differentiated solution can be implemented either standalone or in combination with existing water treatment methods.

INDRA’s current focus extends to industrial effluents from sectors like textiles, steel manufacturing, pharmaceuticals, chemicals, as well as sewage from hotels and commercial properties. With water scarcity becoming a pressing issue in nations like India and various Southeast Asian countries, INDRA’s innovative approach addresses the widening gap between wastewater generation and treatment.

Amrit Om Nayak, Co-Founder and CEO, INDRA, commented, “Solving the wastewater treatment challenge needs continuous innovation and relentless commitment. I am very excited that Mela Ventures shares the same passion for sustainable solutions. 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.”

N. Krishnakumar, Managing Partner at Mela Ventures, said, “Our investment in INDRA aligns well with sustainability, which is one of our key investment focus themes. Wastewater treatment is a pressing problem demanding urgent global attention. I am very excited as INDRA solves this challenge comprehensively with minimal infrastructure and space requirements in a sustainable manner. The team led by Amrit and Krunal is very passionate about wastewater management. I wish the team the best in making the world self-sufficient when it comes to water usage.”

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