Gruhas Proptech to roll out $150 mn proptech focused fund

24 Dec 2021 CW Team

Gruhas Proptech, supported by Zerodha promoter and Puzzolana Group, aims to roll out a $150 million proptech focused fund in the first quarter of the coming financial year that would support incubators, startups and special situations, its authorities told the media.

The firm is presently in talks with the big global investors for the launch of the proptech focussed fund, its promoter Abhijeet Pai told the media. Gruhas, focused on realty investments and prop tech, is facilitated by entrepreneur Pai and Zerodha's co-founder Nikhil Kamath.

In India, Gruhas is additionally exploring initiatives in the Middle-Eastern and African nations to democratise the proptech asset class to optimise the offerings in the real estate sector utilising technology in a manner that decarbonises the sector.

It is not just aligned to global sustainability objectives but additionally restores the fixed income market. Because of the tremendous success of the current portfolio and razor-sharp emphasis on disruptive prop focus, Gruhas has strategic interest from large global companies for rolling out a proptech fund of $150 million in the first quarter of 2022.

Gruhas has so far funded eight startups across fractional ownership, debt, green materials, low-cost housing, new-age tech, drone technology, mapping rural communities, water management and other proptech initiatives.

Among the firms supported by Gruhas are Basic, Strata, WeGot and GruhasLumos. Gruhas is additionally accepting applications for the incubator while exploring investment opportunities in evolving markets and some developed markets.

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