A number of key investors, including Dreamweaver Investments, have raised USD 1 million (about Rs 7.8 crore) for Zerund, a Guwahati-based manufacturer of sustainable bricks.
Zerund had also raised Rs 4 crore from investors in 2021, including Villgro Foundation and NEDFi Venture Capital Ltd (NVCL).
Zerund has brick manufacturing facilities in Guwahati and Pathsala in Assam. It was founded in 2018 by Assam Engineering College civil engineering classmates David Gogoi, Mousum Talukdar, and Rupam Choudhury.
The business creates high-quality, lightweight bricks using waste materials from the NTPC plant in the Assamese district of Kokrajhar, which accounts for 70% of the company’s raw materials. RG PTI TR RG