Assam: Brick Producer Zerund Raises Rs 7.8 Crores In Seed Capital
As per studies, the funding was facilitated by way of the Gruhas ASPIRE accelerator program, a joint initiative of Gruhas Proptech Fund, the DLF Household workplace, and Anthill Ventures.
The startup mentioned it will use the brand new funding to extend its annual manufacturing capability and develop 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 nine-fold to 2.3 crore bricks in 2026, consistent with the increasing demand for sustainable bricks. Our buyers on this spherical comprise consultants with an in-depth data of the Proptech (Property-Know-how) area. 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.” mentioned studies quoted David Gogoi, co-founder & CEO of Zerund as saying.
Zerund, began in 2018 by civil engineering classmates David Gogoi, Mousum Talukdar, and Rupam Choudhury from Assam Engineering Faculty, has arrange its brick manufacturing crops in Assam’s Guwahati and Pathsala. The corporate manufactures high-grade, light-weight bricks which utilise 70% of waste materials, together with plastic and fly ash.
The fly ash is sourced from the Nationwide Thermal Plant Company (NTPC) unit at Kokrajhar, Assam.
“The development trade in India is rising at a CAGR of 15.7% and desires grassroots innovation to arrange for a future that locations sustainability entrance and centre of all exercise. Bricks are the elemental constructing blocks in development, and improvements comparable to Zerund’s product lie at Gruhas Proptech’s concentrate on decarbonising development and actual property,” mentioned Abhijeet Pai, co-founder of Gruhas Proptech Fund.