Gruhas VC, co-founded by Nikhil Kamath and Abhijeet Pai, plans to invest in nearly 20 start-ups this year (CY25). Since its founding in 2021, the firm has invested in 50 companies, including Rare Rabbit, Licious, and 1% Club.
“This year, we plan to invest in nearly 20 start-ups, utilising the two funds as well as direct investments,” said Abhijeet Pai, Co-Founder, Gruhas.
Pai noted that energy transition presents a significant opportunity, and Gruhas is actively exploring investments in this space. “Energy is a major challenge, especially in a country with 1.5 billion people heavily reliant on fossil fuels and coal. We are backing ecosystem creators working in this space, particularly in hydrogen and small nuclear reactors. These are deep-tech, futuristic investments that may take 5-10 years to materialise, but we want to be early movers in this ecosystem.”
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Gruhas currently operates two funds. The first, Gruhas Collective Consumer Fund (GCCF), launched last year with a corpus of ₹150 crore. Recently, the firm introduced its second fund, Earth Fund, in partnership with Brigade Group. The ₹200 crore SEBI-registered Category-II Alternative Investment Fund (AIF) fund also includes a ₹100 crore green-shoe option and aims to invest in PropTech and sustainability start-ups, offering funding, industry integration, and strategic mentorship.
At a proprietary level, Gruhas has invested in over 50 companies across climate tech, sustainability, infrastructure, real estate, urban development, AI, media, and consumption. Some of its notable investments include Hatti Kaapi, AltCo, Strata, and Primus Senior Living. Gruhas does not follow a fixed investment size, typically issuing cheques between $500,000 and $4 million.
