Sustainable brick maker Zerund gets Rs 7.8 crore seed funding

Zerund, a Guwahati-based producer of sustainable bricks, has acquired Rs 7.8 Crore seed funding from a clutch of strategic personal traders together with Dreamweaver Investments.

The funding was facilitated through the Gruhas ASPIRE accelerator programme, a joint initiative of Gruhas Proptech Fund, The DLF Household workplace, and Anthill Ventures.

Himanta Biswa Sarma Chief Minister of Assam, and Gruhas Proptech Fund promoters, Abhijeet Pai from the Puzzolana Group, Nikhil Kamath, Co-founder of Zerodha, and Rahul Talwar, Director, DLF Household Workplace felicitated the Gruhas ASPIRE cohort at a ceremony held in Guwahati.

Began in 2018 by civil engineering classmates David Gogoi, Mousum Talukdar, and Rupam Choudhury from Assam Engineering School, Zerund has brick manufacturing vegetation in Guwahati and Pathsala in Assam.

The corporate will use the brand new funding to extend its annual manufacturing capability, which stands at greater than 25 lakh bricks and increase its gross sales and distribution community past Assam to different Indian states within the coming months.

“We’re on observe to spice up our annual manufacturing 9 fold to 2.3 crore bricks in 2026, in keeping with the increasing demand for sustainable bricks,” stated David Gogoi, Co-Founder & CEO of Zerund. “Our traders on this spherical comprise consultants with an in-depth data of the Proptech (Property-Know-how) house. Their help will probably be crucial as we develop past our base in Assam and take our homegrown thought to the remainder of India and past.”

India’s estimated annual demand for development blocks by green-rated builders is Rs 10,000 Crore India additionally generates 270 million tons of fly ash yearly and 15000 tons of waste plastic every day, highlighting the potential for eco-friendly options to fight carbon emissions.

“The development business in India is rising at a CAGR of 15.7% and desires grassroots innovation to arrange for a future that locations sustainability entrance and middle of all exercise,” stated Abhijeet Pai, Co-Founding father of Gruhas Proptech Fund. “Bricks are the basic constructing blocks in development, and improvements equivalent to Zerund’s product lie on the coronary heart of Gruhas Proptech’s concentrate on decarbonizing development and actual property. We’ll work carefully with the Zerund group as they scale their enterprise to fulfill the elevated emphasis on sustainability to future-proof the development business”.