Real estate company Brigade Group and Gruhas – the investment arm of Nikhil Kamath and Abhijeet Pai – have announced a new fund for startups focusing on real estate technology and sustainability. The new Rs 300 crore Earth Fund including Rs 100 crore in green shoe option is a SEBI-registered Category II Alternative Investment Fund (AIF) that will invest in pre-series A and series A stage startups operating in real estate, construction, and sustainability domains.
In a statement, the fund said it will invest $1-2 million in startups with a demonstrated product-market fit and aims to build a portfolio of 10 to 15 startups through an initial check and reserves for follow-on rounds.
Within key domains, the fund will narrow down to businesses offering proptech, construction tech, real estate solutions and asset utilization along with climate tech, clean tech, smart mobility, and energy solutions.
Led by Nirupa Shankar, Joint MD, Brigade Enterprises, Abhijeet Pai, Co-Founder, Gruhas, Nikhil Kamath Co-Founder, Gruhas and Zerodha and Mohan Parvatikar, Independent Director, Zoiros Projects, the new fund said multiple startups are already being considered and investments are expected to be announced shortly.
Speaking on the fund, Abhijeet Pai, Co-Founder, Gruhas, said real estate and construction is one of the world’s largest yet least innovated industries.
“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,” said Pai.
Gruhas is an investment venture focused on prop-tech, sustainability and consumer brands and has investments in more than 50 companies.
