hBits Secures Rs 40 Crore to Fuel Growth in Fractional Real Estate Investments
hBits, a platform for fractional ownership of commercial real estate, has secured Rs 40 crore in Series A funding. This investment will be used to enhance their AI-driven platform and expand their reach, making high-quality real estate accessible to a bro
HbitsFractional OwnershipReal EstateSeries A FundingSm ReitReal Estate NewsJan 08, 2025
The investment comes from Capricon Realty Private Ltd, a subsidiary of the renowned Thackersey Group.
This funding will be instrumental in enhancing hBits' technology, expanding its geographical presence, and bringing curated, high-value investment opportunities to more investors.
The Thackersey Group, with over 150 years of history, has been a cornerstone of Mumbai's business and cultural landscape, with significant contributions to industries like textiles and real estate.
Raoul Thackersey, a leading figure in the Thackersey Group, expressed his belief in the potential of hBits.
He 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 makes high-quality commercial real estate accessible to a wide range of investors, not just institutional players.
The platform leverages advanced AI technology to analyze market trends, evaluate property performance, and identify the best investment opportunities.
This data-driven approach helps reduce risks, optimize returns, and provide a seamless experience for investors.
Shiv Parekh, Founder and CEO of hBits, sees this as a pivotal moment for the real estate industry.
He said, “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.”
Looking ahead, 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.
This ambitious goal is driven by the launch of its SM REIT offerings, which are expected to attract a diverse range of investors, from individuals to small enterprises.
hBits continues to push the boundaries of real estate investment, making the sector more inclusive and accessible.
With the support of strategic investors and cutting-edge technology, hBits is well-positioned to revolutionize the way people invest in commercial real estate.
on hBits
hBits is a leading platform that facilitates fractional ownership of high-quality commercial real estate.
Founded with the vision of democratizing real estate investment, hBits leverages advanced AI technology to provide curated investment opportunities at a fraction of the usual cost.
By enabling individuals to invest in Grade-A commercial buildings with a minimum investment of Rs 10 lakh, hBits aims to make real estate a viable and attractive investment option for 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 invest in high-quality commercial buildings with a minimum investment of Rs 10 lakh, making real estate accessible to a broader audience.
How much funding has hBits recently raised?
hBits has recently raised Rs 40 crore in its Series A funding round from Capricon Realty Private Ltd, an entity of the Thackersey Group.
What is the Thackersey Group and how is it related to hBits?
The Thackersey Group is a highly respected entity with over 150 years of history in Mumbai. It has invested in hBits, providing Rs 40 crore in Series A funding to support the platform's growth and expansion.
What is the SM REIT framework and how does it benefit investors?
The SM REIT framework is designed to democratize access to Grade-A commercial real estate. It allows investors to own shares in high-quality commercial buildings, reducing risk and optimizing returns through a data-driven approach.
What are hBits' future plans with the new funding?
hBits aims to enhance its AI-driven technology platform, expand its geographical presence, and 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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