HDFC Capital Backs Earth Fund With ₹20 Crore Commitment

05 Dec 2025 CW Team

The partnership strengthens the Earth Fund’s mandate of supporting early-stage ventures that are redefining the built world and positions it as an active strategic partner, enabling start-ups with access to developer ecosystems, industry insights and real-world deployment opportunities.

Vipul Roongta, CEO of HDFC Capital, and Manish Agarwal, Associate Principal – Investments and Strategy, HDFC Capital, said: “India has a vibrant start-up ecosystem that continues to develop innovative solutions enhancing efficiencies across the built environment. HDFC Capital’s H@ART platform, established in 2019, was created to invest in, mentor, and partner with companies focused on driving such efficiencies. Our strategic partnership with Earth Fund is a natural extension of this commitment, and we are excited to work together to catalyse next-generation solutions for the Indian real estate sector.”

Nirupa Shankar, GP, Earth Fund said, “HDFC Capital’s participation reaffirms our belief that PropTech has transitioned from experimentation to essential infrastructure. HDFC Capital’s deep understanding of real estate financing and proptech combined with Earth Fund's startup ecosystem creates a powerful platform for founders building transformative solutions.”

Abhijeet Pai, GP, Earth Fund, added, “We are delighted to welcome HDFC Capital to Earth Fund and Zoiros. The built world is on the verge of a major transformation as AI, evolving consumer expectations and new health demands reshape how we design, build and live in our spaces. With HDFC Capital’s partnership, Earth Fund is further energised to back entrepreneurs reimagining infrastructure, housing and construction in smarter, sustainable and impactful ways.”

HDFC Capital has partnered with Brigade Enterprises Limited and Gruhas Proptech LLP in a strategic move to accelerate innovation across the Indian built environment. As part of the collaboration, HDFC Capital has acquired a minority stake in Zoiros Projects Private Limited and committed ₹20 crore to the Earth Fund, India’s only PropTech-focused investment platform anchored by Brigade Group and Gruhas.The partnership strengthens the Earth Fund’s mandate of supporting early-stage ventures that are redefining the built world and positions it as an active strategic partner, enabling start-ups with access to developer ecosystems, industry insights and real-world deployment opportunities.Vipul Roongta, CEO of HDFC Capital, and Manish Agarwal, Associate Principal – Investments and Strategy, HDFC Capital, said: “India has a vibrant start-up ecosystem that continues to develop innovative solutions enhancing efficiencies across the built environment. HDFC Capital’s H@ART platform, established in 2019, was created to invest in, mentor, and partner with companies focused on driving such efficiencies. Our strategic partnership with Earth Fund is a natural extension of this commitment, and we are excited to work together to catalyse next-generation solutions for the Indian real estate sector.”Nirupa Shankar, GP, Earth Fund said, “HDFC Capital’s participation reaffirms our belief that PropTech has transitioned from experimentation to essential infrastructure. HDFC Capital’s deep understanding of real estate financing and proptech combined with Earth Fund's startup ecosystem creates a powerful platform for founders building transformative solutions.”Abhijeet Pai, GP, Earth Fund, added, “We are delighted to welcome HDFC Capital to Earth Fund and Zoiros. The built world is on the verge of a major transformation as AI, evolving consumer expectations and new health demands reshape how we design, build and live in our spaces. With HDFC Capital’s partnership, Earth Fund is further energised to back entrepreneurs reimagining infrastructure, housing and construction in smarter, sustainable and impactful ways.”

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..