Greywater aims aggressive expansion plans; raises Rs. 9 Crore from Nexus!

Greywater Technologies Pvt Ltd, a company providing packaged products for water and waste water treatment today announced that Nexus Venture Partners, India's leading Venture Capital firm will invest Rs. 9 Crore in the company. Greywater operates in India through its wholly owned subsidiary Jaldhara Technologies.

Jaldhara's products for water and wastewater treatment are targeted at residential and commercial complexes, IT/ITES parks, hotels, malls, hospitals, etc. Jaldhara offers pre-fabricated products that are plug-and-play, and save space and operating costs compared to conventional be-spoke solutions available in the market. The Greywater/Jaldhara founding team comprises top notch industry professionals led by Harshad Bastikar, CEO who was previously SBU Head at Thermax Water, Vikrum Kishore who leads Process Design and Engineering (ex-Thermax) and Nilesh Kulkarni who leads sales (ex-Forbes Marshall). Nexus worked with the founding team to finalize the business plan, market approach and product launch.

Harshad Bastikar, Founder & CEO, Jaldhara Technologies, said, "Our packaged products which are based on proven technologies, save space, reduce costs and are easy to install. 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. We are very excited about Greywater's approach and team, and believe that they will make a significant impact in the market".