HDFC Capital, a real estate private equity investment manager, has entered into a strategic partnership with Brigade Enterprises and Gruhas PropTech. As part of this collaboration, HDFC Capital has acquired a minority stake in Zoiros Projects and committed ₹20 crore to the Earth Fund.
Anchored by Brigade Group and Gruhas, the Earth Fund is a Proptech Fund that aims to back early-stage ventures that are redefining the built environment.
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.”
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, said, “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.”
