This report, prepared under the aegis of the IMPACT Programme, aims to build evidence around opportunities for investment in India’s urban sanitation markets. The report systematically studies the potential for investments in private enterprises across the sanitation value chain. Increased investments in such high-impact businesses will help them grow in size and scale, create new quality jobs and bring more products and services. This endeavour, in line with the goals of the IMPACT Programme, would help strengthen the sanitation ecosystem, benefiting the poor and vulnerable sections. It is pertinent to note that improving support to businesses across sanitation sector’s value chain also leads to cross-cutting and measurable contribution towards the achievement of the Sustainable Development Goals, SDG 6.2 in particular.