Brigade Group and Gruhas Partner to Drive PropTech and Sustainability with Rs 300 Crore Earth Fund
With a PE ratio of 36.1x, the company trades at a premium compared to the industry PE of 29.4x. The company has ROCE of 12.7 per cent and ROE of 11.7 per cent.Â
Brigade Group, a prominent real estate developer in India, has partnered with Gruhas to launch the Earth Fund, a Rs 300 crore initiative focused on driving innovation in PropTech and sustainability. The fund, set up under Zoiros Projects Private Limited, is India's first investment platform dedicated to real estate technology and sustainability. It aims to support high-growth startups in the real estate, construction, and sustainability sectors by providing industry integration, market access, and strategic fundraising.
The Earth Fund will target Pre-series A and Series-A tech startups, investing USD 1-2 million in those with a demonstrated product market fit. The fund plans to build a portfolio of 10 to 15 startups, focusing on UrbanTech and Sustainability, including climate tech and smart mobility. Brigade REAP, with its extensive experience in mentoring startups, will offer additional support to investee companies.
Nirupa Shankar, Joint Managing Director of Brigade Enterprises Limited, emphasized the fund's goal to bridge traditional real estate with cutting-edge technology, fostering sustainable urban solutions. Abhijeet Pai, Co-Founder of Gruhas, highlighted the urgency of modernizing the built environment in India, aiming to redefine urban spaces through strategic partnerships and innovative ventures.
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Brigade Enterprises Ltd, established in 1986, is a leading real estate developer based in Bengaluru, India. The company has developed over 250 buildings, covering more than 70 million square feet across residential, office, retail, and hospitality sectors in cities like Bengaluru, Chennai, Hyderabad, and Kochi. As of 18 March 2025, 13:30, Brigade's stock price stands at Rs 937.75, with a market capitalization of Rs 22,889.35 crore. The company has achieved a 3-year return of 77.31 per cent, reflecting significant growth. Brigade is known for transforming skylines in South India and is now expanding its operations to other parts of the country.
The company's current stock price is Rs 948, with a market capitalisation of Rs 23,157 crores. The 52-week high and low for the stock are Rs 1,451.9 and Rs 826.3, respectively. With a PE ratio of 36.1x, Brigade Enterprises continues to focus on expanding its footprint in the real estate sector, offering developments across residential, office, retail, and hotel segments.
With a PE ratio of 36.1x, the company trades at a premium compared to the industry PE of 29.4x. The company has ROCE of 12.7 per cent and ROE of 11.7 per cent. The company has been maintaining a healthy dividend payout of 22.6 per cent.
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Disclaimer: The article is for informational purposes only and not investment advice.