hBits Secures Rs 40 Crore to Boost Fractional Ownership in Commercial Real Estate
hBits, a platform enabling fractional ownership of commercial real estate, has raised Rs 40 crore from investors to expand its reach and enhance its AI-driven technology.
HbitsFractional OwnershipReal EstateAi TechnologySm ReitReal EstateJan 08, 2025
The Series A funding round was led by Capricon Realty Private Ltd, an entity of the Thackersey Group, which has a legacy spanning over 150 years in industries such as textiles and real estate.
The funds will be utilized to enhance hBits' AI-driven technology platform, expand its geographical presence, and bring high-value investment opportunities to a broader audience.
The Thackersey Group, known for its significant contributions to Mumbai's business and cultural fabric, expressed its belief in forward-thinking investments that shape industries and communities.
Raoul Thackersey, representing the Thackersey Group, stated, '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 company 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, emphasized, '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 strategic move is expected to revolutionize the real estate investment landscape in India, making it more inclusive and accessible to a wider range of investors.
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 with a minimum investment of Rs 10 lakh.
How much funding did hBits raise and from whom?
hBits raised Rs 40 crore in its Series A funding round from Capricon Realty Private Ltd, an entity of the Thackersey Group.
What will hBits use the funding for?
The funds will be used to enhance hBits' AI-driven technology platform, expand its geographical presence, and bring high-value investment opportunities to a broader audience.
What is the significance of the SM REIT framework?
The SM REIT framework has the potential to democratize access to Grade-A commercial real estate for investors across the country, making it more inclusive and accessible.
What are hBits' future goals?
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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