Brigade Group, Gruhas Launch Rs 3 Bn Earth Fund for PropTech & Sustainability

19 Mar 2025 CW Team

Brigade Group and Gruhas, the investment arm of Nikhil Kamath and Abhijeet Pai, have partnered to launch The Earth Fund, a Rs 3 billion investment initiative supporting startups in real estate, construction, and PropTech. This SEBI-registered Rs 2 bn Category II AIF, with a Rs.100 crore green-shoe option, aims to drive innovation and sustainability in India’s built environment.

Earth Fund will invest USD 1-2 million in Pre-Series A and Series A startups with proven market fit, targeting 10-15 companies innovating in UrbanTech, climate tech, clean energy, and smart mobility. Brigade’s deep real estate expertise and Gruhas’ investment acumen will provide industry integration, market access, and strategic growth support.

Nirupa Shankar, Joint MD, Brigade Enterprises Ltd., emphasized Earth Fund’s focus on bridging traditional real estate with cutting-edge technology, leveraging Brigade REAP’s experience in accelerating UrbanTech startups. Abhijeet Pai, Co-Founder, Gruhas, highlighted the fund’s role in modernizing India’s built environment, supporting ventures in AI-driven urban planning, green buildings, and smart infrastructure.

The fund’s first investments are expected to be announced soon.

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