Brigade and Gruhas launch Rs 300 cr Earth Fund to drive real estate tech and sustainability solutions
Brigade Group, a real estate developer, and Gruhas, the investment arm of Zerodha co-founder Nikhil Kamath and Abhijeet Pai, have launched India’s first real estate tech and sustainability-focused investment fund—The Earth Fund.
The Rs 300 crore fund, set up under Zoiros Projects Private Limited, includes a Rs 200 crore SEBI-registered Category II Alternative Investment Fund (AIF) and a Rs 100 crore green-shoe option.
The Earth Fund aims to support startups that address challenges in the built environment through innovation and sustainable solutions. The fund will target early-stage tech startups, specifically those in Pre-Series A and Series A stages, working on real estate, construction, and sustainability solutions.
The average investments will range from $ 1-2 million per startup, focusing on ventures that have achieved product-market fit and require capital to scale. The fund plans to build a portfolio of 10 to 15 startups, with provisions for follow-on investments.
Nirupa Shankar, Joint Managing Director of Brigade Enterprises Limited, said, “The uniqueness of Earth Fund is its focus on Urbantech and Sustainability solutions for the built world. By leveraging the resources and expertise of Brigade Group and Gruhas, our aim is to identify and support startups that will redefine urban development and drive long-term value. Our goal is to bridge the gap between traditional real estate and cutting-edge technology, fostering an ecosystem for sustainable and efficient urban solutions.”
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