Megaliter Varunaa Raises Rs 15 Crore to Boost Urban Water Recycling
- Megaliter Varunaa secures Rs 15 crore in seed funding from institutional investors.
- Funds will drive expansion and innovation in urban wastewater management.
- The company aims to recycle over 10 billion liters of water annually in the next year.
Hyderabad-based Megaliter Varunaa, a subsidiary of NSE-listed Banka BioLoo Limited and mentored by Brigade REAP, has raised Rs 15 crore in seed funding from long-term institutional investors. The capital will accelerate project development, business growth, and technology innovation in urban water management.
Megaliter Varunaa transforms sewage treatment plants into productive, circular water utilities through its subscription-based ‘Megaliter Model’. The zero-CapEx approach ensures efficient wastewater reuse for non-potable applications such as flushing, gardening, and chiller systems. By offering end-to-end service contracts, the company handles financial, operational, and compliance requirements, helping cities reduce dependence on freshwater while generating value from wastewater.
Vishal Murarka, Managing Director of Megaliter Varunaa, said, “This seed funding is a key milestone in our mission to deliver sustainable water solutions across India. We have already treated over 3 billion liters of wastewater and currently manage 2.5 billion liters annually. In the next 12 months, we plan to scale projects to recycle more than 10 billion liters annually, strengthening urban water resilience”.
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Abhay Garg, Chief Mentor at Brigade REAP, added, “Megaliter Varunaa is redefining urban water management by turning underutilized infrastructure into reliable, climate-resilient utilities. Our mentorship helps them scale sustainably and navigate complex urban ecosystems”.
With this new capital, Megaliter Varunaa is targeting expansion into major cities including Mumbai and Bengaluru, reinforcing its vision of a circular, sustainable water future for India’s urban centers.
