It has announced the first closing of the Sunrise Fund at Rs.2.2 Bn. The fund will invest on specific themes including lifestyle, lifeskills and education, lifecare and applied technologies.
SMS Paryavaran undertakes complete turnkey projects in the field of water transmission, treatment, storage & distribution, sewerage system and industrial effluent collection.
A number of water treatment companies have attracted interest from PE funds in 2011. Jaldhara Technologies raised Rs.9 Cr from Nexus Venture Partners in May. Aqua Designs India also raised Rs.55 Cr from Peepul Capital Fund II LLC. In 2010, ChrysCapital invested Rs.100 Cr in Pratibha Industries.