
Cat II · Managed by Gruhas
Narrators of what's next. Fuelling Innovations against the grain.
Private equity, private credit and real-estate funds that don't employ leverage except for operating needs. The largest AIF category.
Gruhas Proptech Opportunities Fund I (IN/AIF2/23-24/1407) is a SEBI-registered Category II AIF managed by Gruhas Proptech Private Limited, co-founded in 2021 by Nikhil Kamath (co-founder of Zerodha) and Abhijeet Pai (ex-Partner, Nexus Venture Partners). The fund focuses on seed-to-growth investments in Built World Tech (real estate, infrastructure, urban development), Climate Tech & Sustainability, Artificial Intelligence, and Media & Consumption. 50+ companies backed; 3,000+ jobs created. Notable portfolio: Strata (SM REIT fractional real estate), Basic Home Loan, Ossus Biorenewables, Weavings, Quorum, One Percent Club (Sharan Hegde), Matel, Emoha, SolarSquare, Rare Rabbit, VRO Hospitality. Gruhas also manages the Gruhas Collective Consumer Fund (IN/AIF2/23-24/1400) in partnership with Collective Artists Network. Registered address: The Museum, No. 1, 3rd Floor, Museum Road, MG Road, Bangalore 560001.
Rahul Joshi
Vice President; SEBI Contact Person
Govindaraja Prabhu
Associate, Investments & Portfolio Management
Nayan Sarawgi
Analyst, Investments
Abhijeet Pai
General Partner
Abhijeet Pai is General Partner at Gruhas Collective Consumer Fund and Co-Founder of Gruhas, a VC firm focused on PropTech and Consumer sectors. He was previously a Partner at Nexus Venture Partners. Gruhas has backed companies including NoBroker, Zetwerk, Virgio, Vahak, and others.
Nikhil Kamath
IC Member
Nikhil Kamath is Co-Founder of Gruhas and Co-Founder of Zerodha (India's largest stockbroker) and True Beacon (hedge fund). He is one of India's most prominent young entrepreneurs and investors.
Aman Jain
Associate
Devansh Zota
Jr Analyst
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