Megaliter Varunaa Secures Rs 15 million Seed Funding for Urban Water Circularity
WATER & WASTE

Megaliter Varunaa Secures Rs 15 million Seed Funding for Urban Water Circularity

Hyderabad-based Megaliter Varunaa, a subsidiary of NSE-listed Banka BioLoo Limited and mentored by Brigade REAP, has raised Rs 15 million in seed capital from long-term institutional investors. The funding will accelerate project development, technology innovation, and business expansion in urban water management. 

Megaliter Varunaa transforms sewage treatment plants into circular water utilities through its flagship ‘Megaliter Model’—a zero-CapEx, subscription-based solution that maximises wastewater reuse for non-potable applications such as flushing, landscaping, and chiller systems. The company has treated over 3 billion liters of wastewater, with current capacity exceeding 2.5 billion liters annually, and plans to recycle more than 10 billion liters annually within the next 12 months. 

Vishal Murarka, Managing Director, Megaliter Varunaa, said, “This seed capital marks a pivotal milestone in our journey to meet India’s pressing need for sustainable water solutions. We are committed to converting underutilised assets into efficient, resilient urban water utilities.” 

Abhay Garg, Chief Mentor at Brigade REAP, added, “Megaliter Varunaa exemplifies impact-driven innovation, reimagining urban water infrastructure through circularity and climate resilience. Our mentorship helps them navigate complex ecosystems, unlock scalable partnerships, and position wastewater as a viable utility service.” 

Looking ahead, the company plans expansion into major metros such as Mumbai and Bengaluru, while exploring water credits to incentivise recycling and attract further investments, driving water-positive, sustainable urban infrastructure. 

Hyderabad-based Megaliter Varunaa, a subsidiary of NSE-listed Banka BioLoo Limited and mentored by Brigade REAP, has raised Rs 15 million in seed capital from long-term institutional investors. The funding will accelerate project development, technology innovation, and business expansion in urban water management. Megaliter Varunaa transforms sewage treatment plants into circular water utilities through its flagship ‘Megaliter Model’—a zero-CapEx, subscription-based solution that maximises wastewater reuse for non-potable applications such as flushing, landscaping, and chiller systems. The company has treated over 3 billion liters of wastewater, with current capacity exceeding 2.5 billion liters annually, and plans to recycle more than 10 billion liters annually within the next 12 months. Vishal Murarka, Managing Director, Megaliter Varunaa, said, “This seed capital marks a pivotal milestone in our journey to meet India’s pressing need for sustainable water solutions. We are committed to converting underutilised assets into efficient, resilient urban water utilities.” Abhay Garg, Chief Mentor at Brigade REAP, added, “Megaliter Varunaa exemplifies impact-driven innovation, reimagining urban water infrastructure through circularity and climate resilience. Our mentorship helps them navigate complex ecosystems, unlock scalable partnerships, and position wastewater as a viable utility service.” Looking ahead, the company plans expansion into major metros such as Mumbai and Bengaluru, while exploring water credits to incentivise recycling and attract further investments, driving water-positive, sustainable urban infrastructure. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement