Real estate player Brigade Group and venture investment firm Gruhas have launched a ₹200 crore SEBI-registered Category-II Alternative Investment Fund (AIF), the Earth Fund, with an additional ₹100 crore green-shoe option.
This marks Gruhas’ second fund, with Brigade as a major investor. The fund aims to invest $1-2 million per start-up, over 10-15 start-ups in two years.
Investment thesis
The Earth Fund plans to invest in Pre-series A and Series-A start-ups focused on real estate, construction, and sustainability.
Commenting on the initiative, Nirupa Shankar, Joint Managing Director of Brigade Enterprises Ltd said, “With the Earth Fund, the aim is to identify and support start-ups that will redefine urban development and drive long-term value. Our goal is to bridge the gap between traditional real estate and technology.
Brigade has been an active player in the start-up ecosystem, and has invested in 80 start-ups over the past eight years through its UrbanTech accelerator, Brigade REAP.
Abhijeet Pai, Co-Founder, Gruhas, emphasised the need for modernisation in the real estate sector, stating, “With India’s population surpassing 1.4 billion, modernising our built environment is more urgent than ever. We aim to back PropTech and sustainability start-ups 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.”
Gruhas has previously invested in over 50 companies, including Rare Rabbit, One Percent Club, Licious, and Primus Senior Living.
