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
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.
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.
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.
The minimum investment required to invest in hBits is Rs 10 lakh, making high-quality commercial real estate accessible to a broader audience.
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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