Angel Investments
Sustainable brick maker Zerund raises Rs 7.8 Cr
Zerund, a Guwahati-based manufacturer of sustainable bricks, has received Rs 7.8 crore in seed funding from private investors including Dreamweaver Investments. The investment was facilitated via the Gruhas ASPIRE accelerator programme, a joint initiative of Gruhas Proptech Fund, The DLF Family office, and Anthill Ventures. Started in 2018 by civil engineering classmates David Gogoi, Mousum Talukdar, and Rupam Choudhury from Assam Engineering College, Zerund has brick manufacturing plants in Guwahati and Pathsala in Assam. The company will use the new funding to increase its annual production capacity, which stands at more than 25 lakh bricks and expand its sales and distribution network beyond Assam to other Indian states in the coming months.
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