Cleantech INDRA Raises $4 million Series A from Mela Ventures, Emerald Technology Ventures
Summary
INDRA, a smart water treatment systems provider, announced a Series A round of $4 million led by Mela Ventures and cleantech pioneer Emerald Technology Ventures, based in Switzerland. The round also saw participation from Peak Sustainability Ventures and The Climate Angels.INDRA, co-founded by Amrit and Krunal in 2017solves the complex problem of water treatment in the industrial and sewage segment with its patented electro-chemical oxidation and coagulation process. Its 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.The estimated current size of the Indian Water treatment market is $12 billion; this is expected to reach $20 billion by 2030.Amrit Om Nayak, co-founder and CEO of INDRA, 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 worlds transition towards sustainable water management.N. Wastewater treatment is a pressing problem demanding urgent global attention.