Greywater Technologies raises Rs. 9 Crore from Nexus Venture Partners
Summary
Jaldhara’s products for water and wastewater treatment are targeted at residential and commercial complexes, IT/ITES parks, hotels, malls, hospitals, etc. 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.” Anup Gupta, Managing Director, Nexus Venture Partners, who has joined the board of directors of Greywater Technologies said, “The growing pressures of urbanization are accelerating the need for waste water treatment and recycling. Greywater products offer the advantages of small footprint (save space), modular and flexible design and low life cycle costs compared to traditional solutions. It has $320m under management and an active portfolio of over 30 companies across technology, internet, media, consumer, business services and agribusiness sectors. Some of the companies that Nexus has invested in include Netmagic (Internet Infrastructure), snapdeal.com (ecommerce), Komli (Internet advertisement network), DimDim (Open Source Web Conferencing acquired by Salesforce.com), Mapmyindia (Digital Navigation), Deccan Pharma (Neutraceuticals), Gluster (Open source storage), Cloud.com (Cloud infrastructure), Pubmatic (Publisher Ad revenue optimization), Prana (Animation services), Suminter (Organic farming) and Dlight (Solar Lighting).