Cleantech startup Indra raises $4 Mn in Series A round

Indra, a smart water treatment systems provider, has raised $4 million in Series A round led by Emerald Technology Ventures and Mela Ventures. The round also saw participation from Peak Sustainability Ventures and The Climate Angels.

Co-founded by Amrit Om Nayak and Krunal Patel in 2017, Indra solves the complex problem of water treatment in the industrial and sewage segment with its patented electro-chemical oxidation and coagulation process.

Indra’s technology leverages ionic reactions to remove pollutants – including a wide range of unwanted substances, heavy metals, suspended solids, phosphorus, fats, oil, grease, pathogens and dissolved organics among others from wastewater. Its proprietary water treatment solution is a plug-and-play solution, which takes 90% less space compared to existing solutions and recovers up to 99% of the treated water.

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,” said Nayak.

With its current focus on industrial effluents from textiles, steel manufacturing, pharmaceuticals, chemicals, and sewage from hotels and commercial properties, INDRA's impact extends across sectors where the need for effective water treatment is paramount.

Indra has treated over a billion liters of water and potentially provided up to 75% net carbon savings with their water treatment assets in the process. It claims to save up to 90% space, generate 70% less sludge, require 90% less human intervention and save 35% in life cycle costs. 

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