Gruhas ASPIRE (Accelerating Sustainable Proptech in Real Estate), a startup accelerator focused on high potential Proptech startups in India, has announced its maiden cohort.
Through its initiatives, it provides market expansion and access, business model refinement, branding and marketing, hiring and 1:1 mentorship to its seven selected start-ups.
Gruhas Proptech Fund is collaboration between DLF Family Office and Anthill Ventures, and it selects start-ups from four prop-tech streams: construction management, property and asset management, new materials and technology, and investment and financing.
Abhijeet Pai, the co-founder of Gruhas Proptech Fund, said, “There is no doubt about the continuous demand for building in global markets. At the same time, we must invest in long-term solutions. Our goal at Gruhas is to bridge the gap between developing markets’ infrastructure demands and the Paris agreement’s environmental aspirations. This is only possible with the use of cutting-edge technologies and environmentally friendly materials. We believe India has the brightest minds and markets to lead this transition, and we at Gruhas ASPIRE strongly support this cohort, which reflects the country’s diversity and tremendous potential. We are thrilled to be able to assist such visionary founders in realizing their goals.”
Startups in its first cohort include-Modcave, Realiti.io, Safearth, Settl, SustVest, Tellus Habitat and Zerund.
“Our objective is to offer companies a speed scaling ecosystem that helps expedite their growth while establishing a viable business model. We accomplish this by building a strong product-market fit from the start and refining their business model before assisting them in developing a measurable plan for long-term growth. We provide a venue for founders to bring their vision to life while ensuring that their idea is commercially feasible and financially healthy by delivering a combination of concentrated mentoring, information sessions, and money. We are devoted to assisting each cohort to exceed its potential”, said, Sailesh Sigatapu, Partner at Anthill Ventures.
Gruhas Proptech is an venture by the people behind Puzzolana & Zerodha. They realize that Proptech, Metals and the infrastructure sector as an asset class are at a inflection point. The acceptance of climate change, high debt, job dependency and suitability need urgent attention. Decarbonizing of the sector, that accounts for around 40 percent of carbon dioxide emissions worldwide (UNEP) is critical to achieve the Paris Agreement commitment and the United Nations (UN) Sustainable Developments Goals (SDGs).
An age old practice of centuries is bound for change and they at Gruhas want to participate and back path breaking Ideas and Startups with Entrepreneurs that have zeal to advance, contribute and disrupt the centuries old practices still prevalent. They also intend to bring the special situations class of opportunities.
They are also involved in tech powered special situations asset acquisition that can help address the large debt related problems that both the real estate and financial organisations face. Their focus is in the directions of effective utilization, democratization, restoration and fixed income yield plays for one and all.