HDFC Capital invests Rs 20 crore in Earth Fund and acquires a minority stake in Zoiros Projects, aiming to accelerate innovation in India's proptech sector.

Target Information

HDFC Capital has made a significant investment by committing Rs 20 crore to the Earth Fund, which is spearheaded by Brigade Enterprises Ltd. and Gruhas PropTech LLP. As part of this strategic collaboration, HDFC Capital has acquired a minority stake in Zoiros Projects Pvt. Ltd. This partnership is designed to bolster innovation within India's burgeoning proptech sector by supporting early-stage startups focused on developing technologies that can transform the real estate landscape.

The Earth Fund's mission is to foster technological advancements that enhance the built environment. With HDFC Capital's involvement, the fund will not only benefit from additional financial resources but will also gain a valuable partner with extensive expertise in real estate and funding. This strategic alliance aims to facilitate the identification and scaling of technology-driven solutions, thereby improving the overall functionality and sustainability of India's real estate ecosystem.

Industry Overview

The proptech industry in India has witnessed significant growth in recent years, largely driven by advancements in technology and the increasing demand for efficient real estate solutions. Factors such as rising urbanization, a burgeoning middle class, an