INDRA’s impact extends across sectors including effective water treatment
The Indian market for water treatment is projected to grow to US$20 billion by 2030 from about US$12 billion at the moment, according to a smart cleantech startup, INDRA, which has recently raised its Series A funding of US$4 million led by Zurich’s Emerald Technology Ventures and Mela Ventures of Bengaluru to create an impact on over 500,000 lives and counting.
The investment round also saw participation from Peak Sustainability Ventures and The Climate Angels, said the 2017-founded INDRA which solves issues of water treatment in the industrial and sewage segment with its patented electro-chemical oxidation and coagulation process.
Based on the current focus on industrial effluents from textiles, steel manufacturing, pharmaceuticals, chemicals, and sewage from hotels and commercial properties, INDRA said its impact extends across sectors where the need for effective water treatment is paramount.
INDRA, co-founded by Krunal Patel, an alumnus of K J Somaiya College of Engineering, along with his co-founder, Amrit Om Nayak, has developed a proprietary water treatment solution – a plug-and-play system requiring 90% less space compared to existing solutions while recovering up to 99% of treated water.
The patented technology has achieved more than 95% water recovery and saves 35% on costs.
INDRA has received investment support from BIRAC Seed Fund, supported by Department of Biotechnology, while being connected to several investors and industries.
“Solving the wastewater treatment challenge needs continuous innovation and relentless commitment. We are excited to drive the world’s transition towards sustainable water management thus potentially saving up to 75% of net carbon emissions in the process as compared to conventional chemical and biological processes,” INDRA Co-Founder Amrit Om Nayak said on 12 Apr.
Gaurang Shetty, Chief Innovation Catalyst at Research Innovation Incubation Design Lab (riidl) Somaiya Vidyavihar, elaborated, “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 achieving the Sustainable Development Goal 6 by the United Nations.” Fiinews.com
