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Jaldhara Technologies Raises Rs 9 Cr From Nexus Venture Partners

By : Charmi Gutka | 9 May 2011
Industry : Cleantech
Category : Private Equity

COMPSJaldhara Technologies Private Limited has raised Rs.9 Cr from Nexus Venture Partners.

Post deal, Anup Gupta from Nexus Venture Partners has joined the board of Jaldhara Technologies.

Jaldhara is looking for acquisitions in South India to bid for government orders while targeting residential and commercial buildings and hotels for its waste water treatment and recycling plants.

Transaction Reference: Pluggd.in


Mumbai-based Jaldhara is founded by Harshad Bastikar, Vikrum Kishore and Nilesh Kulkarni. It is a waste water treatment and recycling equipment firm. It sell its product under 'Greywater' brand name.

Jaldhara’s products for water and wastewater treatment are targeted at residential and commercial complexes, IT/ITES parks, hotels, malls, hospitals, etc.

The company is currently focussed in the Indian sub continent for business. It distributes range of water treatment products such as cartridge filters, distillation units and chemical feed pumps.

Nexus Venture Partners is a venture capital fund with $320 Mn under management and has an active portfolio of over 30 companies across technology, internet, media, consumer, business services and agribusiness sectors.

Nexus investment portfolio includes Netmagic , snapdeal.com, Komli , Mapmyindia, Deccan Pharma, Gluster, Cloud.com, Pubmatic, Prana , Suminter, Dlight among others.

In this space, IFC is providing a $5.5 Mn loan to Vishwa Infrastructure and Services for it's two water projects. Vishwa has been awarded two water/waste water project in Khandwa and Kolhapur on a PPP basis. The total cost of these projects is about $39 Mn out of which about $32 Mn will be funded through Central Government programs and the balance has to be funded through debt / equity.

Waste water treatment company - Aqua Designs India has also raised Rs.55 Cr from Peepul Capital Fund II LLC.

In 2010, ChrysCapital invested Rs.100 Cr in Pratibha Industries, which engaged in infrastructure construction and executing projects on a turnkey basis in water transmission and distribution projects, water treatment plants, elevated and underground reservoirs, mass housing projects, commercial complexes, pre-cast design and construction, road construction, real estate properties and airports.

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KVEZAR VIEW

  DEAL TRACKER FOR
DateTransactionTypeBuyerSize ($mn)
09/05/11  Jaldhara Technologies - Nexus Venture Private Equity  Nexus India Capital  2.01 
 
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  Profiles

Fund

NameCorpus Target Sector WebsiteKeyContact
Nexus India Capital    Sector Agnostic   http://www.nexusvp.com/  Regi PhilipK Belding  

Company

NamePromotersOfficeCompetitorWebsite
Jaldhara Technologies Private Limited       
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