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