The larger-scale generation of piggery and winery wastewaters and consequent eutrophication are quite alarming, necessitating the use of a cost-effective treatment. This study attempted to remediate wastewaters from piggery and winery mixed in the ratios of 20: 80, 50: 50, 80: 20, 100: 0 and 0: 100, in terms of nutrient removal and subsequent lipid accumulation by soil microalga, Chlorella sp. MM3. The per cent removal of total nitrogen and phosphates by the alga from mixed wastewaters within 10-days ranged between 51 and 89 and 26-49, respectively. As determined by FTIR spectroscopy, the lipid accumulation in the microalgal cells grown in wastewater mixtures ranged between 29 and 51%. Our results suggest that Chlorella sp. MM3 could be a potential candidate for bioremediation of wastewaters derived from piggery farm and winery industry, and that mixing of these wastewaters in 20: 80 ratio would be an efficient approach for phycoremediation of mineral-rich effluents and subsequent yield of fairly good amounts of biofuel.