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Funding · Enterprise Software & IT

Truboard Partners raises ₹20 crore from Earth Fund

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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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