Lighthouse PropTech has secured $2.5 million in a recent funding round, with Turbostart contributing $1 million as the lead investor. The round also saw participation from the Dabur Family Office and several high-net-worth individual (HNI) family offices, bringing Lighthouse’s valuation to $13.5 million.
The startup plans to use the capital to support its expansion efforts and further develop its technology platform, aimed at streamlining luxury real estate transactions in India.
Lighthouse PropTech, founded by Sumesh Mishra, offers services designed for clients managing luxury real estate portfolios. Its core offerings include Luxury Listings, a platform featuring selected high-end properties, and Luxury Exclusives, which focuses on tailored property opportunities and personalized experiences.
The company is also working on an AI-driven platform intended to simplify property investments for high-net-worth and ultra-high-net-worth individuals (HNWIs and UHNIs), aiming to make the process more efficient and transparent.
Industry reports suggest India’s luxury real estate market is poised for significant growth, projected to exceed $100 billion by the end of the decade, driven by a compound annual growth rate (CAGR) of over 20%.
Turbostart, established in 2019, is an early-stage venture capital firm and accelerator with a global presence across India, the Middle East, the US, and Singapore. It has backed over 50 startups across multiple sectors and has launched five funds to date.
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By Proptechbuzz
By Ravi Kumar
