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.”

Real Estate

05 Dec 2025

Mumbai Records 20 per cent Rise in November Registrations

Mumbai’s real estate market recorded 12,219 property registrations in November 2025, a 20 per cent year-on-year rise and the highest tally for the month since 2013, according to data from the Maharashtra IGR. Stamp duty collections grew 12 per cent year-on-year to ₹10.38 billion, driven primarily by residential transactions, which accounted for nearly 80 per cent of all registrations during the month as per Knight Frank analysis.With this performance, Mumbai has clocked 135,807 property registrations between January and November 2025, contributing ₹122.24 billion in stamp duty to the sta..

Resources

05 Dec 2025

ElitePro Infra Wins Top Sales Award for Elan The Emperor

ElitePro Infra, a premium real estate consultancy based in Gurugram, has been recognised for achieving the highest sales at Elan The Emperor. The accolade underscores the firm’s strategic market approach, customer-focused advisory model and strong delivery performance in the residential real estate segment.The recognition reflects ElitePro Infra’s deep understanding of evolving buyer priorities and its ability to guide homebuyers transparently toward long-term value. The team worked closely with clients to identify requirements, curate suitable residential options and ensure a seamless pur..

Infrastructure Transport

05 Dec 2025

MIC Electronics Wins Rs 1.49 Cr Railway Passenger Info Project

MIC Electronics, a leading manufacturer of digital passenger information systems, has secured a Rs 1.49 crore contract from South Central Railway’s Vijayawada Division to install an Integrated Passenger Information System (IPIS) at Annavaram (ANV) and Yelamanchili (YLM) stations. The project is aimed at improving real-time communication and travel information for high footfall passengers on the Vijayawada–Visakhapatnam corridor.The upgrade includes LED train display boards, digital clocks, audio announcements and GPS-based systems, supported by an IP-based architecture with optical fibre c..