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Brigade Group, in collaboration with Nikhil Kamath's investment platform Gruhas, has launched India's first Earth Fund, a dedicated initiative with a total investment of Rs 300 crore (approximately $35 million). The fund aims to support startups focused on property technology (proptech) and sustainability-driven solutions within the real estate sector. This initiative comes in response to the low investment in technology by developers in India, where less than 1% of revenue is allocated to such advancements, according to Nirupa Shankar, Joint Managing Director of Brigade Enterprises.
Brigade and Gruhas launch Rs 300 cr Earth Fund to drive real estate tech and sustainability solutions https://t.co/lDnYWkhZv9
Less than 1% of developers' revenue in India is invested in technology, says Nirupa Shankar, Joint Managing Director of Brigade Enterprises. Read full interview: https://t.co/muChPDVoLv https://t.co/HC4AmljmM7
Brigade Group has teamed up with Nikhil Kamath’s investment firm, Gruhas, to launch India’s first Earth Fund—an investment initiative focused on real estate tech and sustainability. @AneekaC_ #BrigadeGroup #NikhilKamath #RealEstate https://t.co/nyEuO267My