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HDFC Capital has taken a minority stake in Zoiros Projects and committed INR 20 crore to Earth Fund, a platform launched by Brigade Enterprises and Gruhas PropTech earlier this year. Earth Fund, an INR 300-crore SEBI-registered Category II AIF backs early-stage proptech, construction-tech and sustainability startups, typically investing USD 1-2 million per firm. The Fund targets ventures at Pre-Series A or Series A stages, aiming for 10-15 companies across urban infrastructure, clean-tech and smart real-estate solutions. HDFC Capital's infusion strengthens the Fund's capacity to support innovations reshaping India's built environment.
HDFC Capital has entered into a partnership with Brigade Enterprises and Gruhas PropTech LLP by acquiring a minority stake in Zoiros Projects Private Limited and investing INR 20 crore into the Earth Fund, the three entities announced this week.The Earth Fund is designed to support early-stage ventures that aim to redefine India's built environment through real estate technology, construction innovations, and sustainable solutions. Advertisement
The Earth Fund was launched earlier this year by Brigade and Gruhas under Zoiros Projects as India's first real-estate tech and sustainability-focused investment platform. It carries a corpus of INR 300 crore comprising a SEBI-registered Category II Alternative Investment Fund worth INR 200 crore plus a green-shoe option of INR 100 crore. The Fund is set to back startups at Pre-Series A or Series A stages, typically investing USD 1-2 million per company that already shows product-market fit.
According to the earlier public statements by the promoters, Earth Fund aims to build a portfolio of about 10-15 startups. The focus areas include proptech, construction tech, real-estate solutions, asset utilisation, as well as climate tech, clean tech, smart mobility and energy innovations. The backing from HDFC Capital brings additional financial strength and investor confidence to this initiative, potentially accelerating funding and support to startups working on construction-tech, sustainability and urban infrastructure.
This collaboration also aligns with HDFC Capital's previous efforts under its 'H@ART' programme, which aims to support companies that enhance efficiency and innovation in real-estate development. The company's leadership described this investment in Earth Fund as a natural extension of that commitment.
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