Bengaluru : In a significant step aimed at catalysing technology and innovation across the Indian built environment, HDFC Capital has entered into a strategic partnership with Brigade Enterprises Limited and Gruhas PropTech LLP. As part of this collaboration, HDFC Capital has acquired a minority stake in Zoiros Projects Private Limited and committed INR 20 Crores to the Earth Fund.
Anchored by Brigade Group and Gruhas, the Earth Fund is India’s only Proptech Fund that aims to back early-stage ventures that are redefining the built environment. This partnership further reinforces the Earth Fund’s position as not just a financial contributor, but a long-term strategic partner working closely with portfolio companies to shape the future of real estate through technology-led development by enabling access to developer networks, industry expertise and real-world deployment opportunities.
This strategic alignment brings together the strengths of HDFC Capital, Brigade Enterprises Limited, and Gruhas Proptech LLP, three influential stakeholders in India’s real estate and innovation ecosystem, to identify, support, and scale technology led solutions for the built world.
Nirupa Shankar, GP, Earth Fund said, “HDFC Capital’s participation reaffirms our belief that PropTech has transitioned from experimentation to essential infrastructure. HDFC Capital’s deep understanding of real estate financing and proptech combined with Earth Fund’s startup ecosystem creates a powerful platform for founders building transformative solutions.”
Abhijeet Pai, GP, Earth Fund echoed the sentiment stating, “We are delighted to welcome HDFC Capital to Earth Fund and Zoiros. The built world is on the verge of a major transformation as AI, evolving consumer expectations and new health demands reshape how we design, build and live in our spaces. With HDFC Capital’s partnership, Earth Fund is further energized to back entrepreneurs reimagining infrastructure, housing and construction in smarter, sustainable and impactful ways.”
Vipul Roongta, CEO, HDFC Capital, and Manish Agarwal, Associate Principal – Investments and Strategy, HDFC Capital, said: “India has a vibrant start-up ecosystem that continues to develop innovative solutions enhancing efficiencies across the built environment. HDFC Capital’s H@ART platform, established in 2019, was created to invest in, mentor, and partner with companies focused on driving such efficiencies Our strategic partnership with Earth Fund is a natural extension of this commitment, and we are excited to work together to catalyse next-generation solutions for the Indian real estate sector.”
