India, March 18 -- Nikhil Kamath's investment firm Gruhas has joined hands with Bengaluru-based real estate major Brigade Group to launch a fund for investing in proptech and sustainability-focused startups.

The INR 300 Cr Earth Fund, set up under Zoiros Projects Private Limited, includes an INR 200 Cr SEBI-registered Category II alternative investment fund (AIF) and an additional INR 100 Cr in green-shoe option.

The fund aims to invest in 10 to 15 startups who are delivering solutions in the real estate technology, construction tech, clean tech and climate tech, among others.

The investment vehicle plans to invest $1- $2 Mn in startups who have demonstrated market fit products and are looking to scale their business through capital. ...