Brigade Group Partners With Gruhas To Launch Rs 300 Crore Earth Fund

Real estate developer Brigade Group has partnered with Gruhas, the investment venture led by Nikhil Kamath and Abhijeet Pai, to launch The Earth Fund.

This fund is India’s first real estate tech and sustainability-focused investment fund, established under Zoiros Projects Private Limited.

The Rs 200 crore SEBI-registered Category II Alternative Investment Fund (AIF), with an additional Rs 100 crore green-shoe option, aims to support high-growth startups that tackle challenges in real estate through sustainability and innovation.

The Earth Fund is led by experts, including Nirupa Shankar, Joint MD of Brigade Enterprises Limited; Abhijeet Pai and Nikhil Kamath, Co-founders of Gruhas; and Mohan Parvatikar, Independent Director of Zoiros Projects Private Limited. 

A team of professionals with experience in real estate, venture capital, and entrepreneurship will also guide the fund.

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Future Planning For investment

The Earth Fund will focus on investing in pre-Series A and Series A tech startups in real estate, construction and sustainability. 

It plans to invest $1-2 million in startups with a proven product-market fit and a need for capital to scale. The goal is to build a portfolio of 10 to 15 startups, with initial investments and follow-up rounds.

The fund will focus on UrbanTech, including proptech, construction tech, real estate solutions and asset utilization; and Sustainability, such as climate tech, clean tech, smart mobility and energy solutions.

Several startups are already being considered, with investments expected soon.

Nirupa Shankar, Joint Managing Director of Brigade Enterprises Limited, said, “The uniqueness of Earth Fund is its focus on Urbantech and Sustainability solutions for the built world. By leveraging the resources and expertise of Brigade Group and Gruhas, our aim is to identify and support startups that will redefine urban development and drive long-term value."

"We will draw on our last 8 years of experience in running Asia’s first UrbanTech Accelerator, Brigade REAP, to ensure that investment decisions are backed by extensive industry research and hands-on engagement with our portfolio companies," she said.

"This will enable Earth Fund's startups to navigate the complexities of the real estate sector and scale faster than their counterparts. Brigade REAP has shown us the transformative potential of UrbanTech startups and Earth Fund will further support these innovative ventures," Shankar added.

"With India's population surpassing 1.4 billion, modernizing our built environment is more urgent than ever. Earth Fund isn't just capital; it's a catalyst for change. We back PropTech and sustainability startups with funding, industry integration, and strategic mentorship. By bridging traditional real estate with emerging technologies, we're accelerating ventures that redefine urban spaces, construction and resource efficiency. Through strategic partnerships, we're shaping a future where smart infrastructure, green buildings, and AI-powered urban planning become the new standard," said Abhijeet Pai, Co-Founder of Gruhas.

Reason Behind This Partnership

Through this partnership, Gruhas will leverage its experience of investing in over 50 startups across proptech, climate tech, sustainability and consumer sectors to identify and support impactful ventures.

Brigade REAP, which has invested in over 80 companies in urban tech and sustainability, will provide industry integration, market access, go-to-market acceleration and growth support beyond just funding.

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