The investment was facilitated through Gruhas ASPIRE Accelerator Program, a joint initiative of Gruhas Proptech Fund. DLF Family Office, and Anthill Ventures.
Assam Chief Minister Himanta Biswa Sarma, and promoters of Gruha Proptech Fund, Abhijit Pai of Pujolana Group, Nikhil Kamath, co-founder of Zerodha and Rahul Talwar, director of DLF Family Office, felicitated the Gruhas Aspire cohort at a function held in Guwahati. ,
Started in 2018 by civil engineering classmates David Gogoi, Mausum Talukdar and Rupam Choudhary from Assam Engineering College. chopped There are brick manufacturing plants in Guwahati and Pathshala in Assam.
The company will use the new funding to increase its annual production capacity to over 2.5 million bricks and expand its sales and distribution network beyond Assam to other Indian states in the coming months.
David Gogoi, Co-Founder and CEO, Zerund said, “We are on track to increase our annual production by nine times to 23 million bricks in 2026, in line with the growing demand for sustainable bricks.” “Our investors in this round include experts with in-depth knowledge of the proptech (property-technology) space. Their support will be crucial as we grow from our base in Assam and take our homegrown idea to the rest of India and beyond. ”
India’s estimated annual demand for building blocks by green-rated developers is Rs 10,000 crore. India also generates 270 million tonnes of fly ash and 15,000 tonnes of waste plastic annually, highlighting the potential for eco-friendly solutions to tackle carbon emissions. does.
Abhijit Pai, Co-Founder, Grihas Proptech Fund, said, “The construction industry in India is growing at a CAGR of 15.7 per cent and future readiness requires grassroots innovation, which puts sustainability at the fore and centre. ” “Bricks are the fundamental building blocks in construction, and innovations such as Zerund’s products are at the heart of Grihas Proptech’s focus on decarbonizing construction and real estate. We will work closely with the Zerund team as they build their niche to meet the growing emphasis. enhance the business. Sustainability for the future-proof of the construction industry”.