Funding · Enterprise Software & IT
Truboard Partners raises ₹20 crore from Earth Fund
By Startup Enthusiast ·
- Date
- Company
- Truboard Partners
- What it does
- AI asset performance management platform
- Kind
- Funding
- Amount
- ₹20 crore
- Based in
- Mumbai
- Founded
- 2020
- Sector
- Enterprise Software & IT
What they do
Truboard Partners provides an AI-driven platform for lenders, investors, and asset owners
What happened
It raised ₹20 crore ($2.2 million) in a funding round led by Earth Fund
Why it matters
The platform manages over $1.8 billion in assets across real estate, renewables, and roads
The details
- Truboard Partners raised ₹20 crore ($2.2 million) in a funding round.
- The round was led by Earth Fund, a new fund backed by Brigade Group, Gruhas, HDFC Capital, and Nila Spaces.
- This is Earth Fund's maiden deployment from the fund.
- The company will use the proceeds to strengthen its product foundation and scale across asset classes.
- It also plans to strengthen AI frameworks and expand operations in the US and EU.
- Truboard Partners was founded in 2020 and is headquartered in Mumbai.
The bigger picture
- The platform compresses lender visibility from months to days and enables 2–3% higher returns for asset owners.
- It manages assets worth over $1.8 billion, including 1 GW of renewables and 700 km of road assets.
- The company had previously raised $2.7 million in July 2022.
About the business
- Truboard Partners offers an AI-driven asset performance management platform for lenders, equity investors, developers, and asset owners.
- The platform provides a 360-degree view of investment performance, risk management, and operational efficiency.
- It has three modules: TruGenie (real estate), TruGreen (renewables), and TruCollect (retail finance).
- The platform manages assets worth over $1.8 billion, including 1 GW of renewables and 700 km of road assets.
- It has expanded into the US and EU markets.
What happens next
- Strengthen product foundation and scale platform across asset classes.
- Strengthen AI frameworks and scale US/EU operations.
The deal
- Type
- funding
Investors
- Earth Fund (lead) — A fund backed by Brigade Group, Gruhas, HDFC Capital, and Nila Spaces; managed by Nirupa Shankar and Abhijeet Pai.
Founders
- Vipul Thakore, co-founder and CEO
- Nandkumar Surti, co-founder
- Srickant Rajagopal, co-founder
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