hBits Raises Rs 40 Crore to Expand Fractional Ownership Platform
hBits, a platform that facilitates fractional ownership of commercial real estate, has raised Rs 40 crore from investors. This will help the company grow its AI-driven technology and offer high-quality properties to a broader audience, starting with a min
Real EstateFractional OwnershipHbitsInvestmentAi TechnologyReal EstateJan 08, 2025
In a recent statement, hBits announced the completion of its Series A funding round, led by Capricon Realty Private Ltd, an entity of the Thackersey Group.
The funds will be utilized to enhance hBits' AI-driven technology platform, expand its geographical presence, and curate high-value investment opportunities for a wider audience.
hBits aims to democratize the commercial real estate market, ensuring that high-quality properties are no longer exclusively accessible to institutional investors.
The Thackersey Group, with over 150 years of rich legacy, has been a significant contributor to Mumbai's business and cultural landscape.
Spanning industries like textiles and real estate, the group continues to make forward-thinking investments that shape industries and communities.
Raoul Thackersey of the Thackersey Group commented, 'We always believed in forward-thinking investments that shape industries and communities.
The SM REIT framework has the potential to democratize access to Grade-A commercial real estate for investors across the country.'
hBits' platform allows individuals to own shares in Grade-A commercial buildings, with a minimum investment size of just Rs 10 lakh.
This ensures that high-quality commercial real estate is no longer restricted to institutional investors.
The platform leverages advanced AI technology to analyze market trends, evaluate property performance, and identify the best investment opportunities for its users.
This data-driven approach helps reduce risk, optimize returns, and provide a seamless experience for investors.
Shiv Parekh, Founder and CEO of hBits, stated, 'This is the mutual fund moment for the real estate industry.
Just as mutual funds democratized stock market investing, SM REITs have the potential to make Grade-A commercial real estate accessible to everyone.
We believe SM REITs could become as large as mutual funds in the next 10 years, offering investors a stable, high-performing, and transparent way to build wealth.'
The company aims to triple its Assets Under Management (AUM) from Rs 500 crore to Rs 1,500 crore by the end of the next financial year, driven by the launch of its SM REIT offerings.
This ambitious goal underscores hBits' commitment to revolutionizing the real estate investment landscape and making high-quality properties accessible to a broader audience.
Frequently Asked Questions
What is hBits and what does it do?
hBits is a platform that facilitates fractional ownership of commercial real estate. It allows individuals to own shares in Grade-A commercial buildings, starting with a minimum investment of Rs 10 lakh.
How much funding has hBits raised and what will it be used for?
hBits has raised Rs 40 crore in its Series A funding round. The funds will be used to enhance the company's AI-driven technology platform, expand its geographical presence, and curate high-value investment opportunities for a wider audience.
Who are the investors behind hBits?
The Series A funding round was led by Capricon Realty Private Ltd, an entity of the Thackersey Group, which has a rich legacy of over 150 years in industries like textiles and real estate.
What is the minimum investment required to invest in hBits?
The minimum investment required to invest in hBits is Rs 10 lakh, making high-quality commercial real estate accessible to a broader audience.
What are the future goals of hBits?
hBits aims to triple its Assets Under Management (AUM) from Rs 500 crore to Rs 1,500 crore by the end of the next financial year, driven by the launch of its SM REIT offerings.
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