hBits, a Mumbai-based platform specializing in commercial real estate investments, has raised Rs 40 crore in its Series A funding round. The investment was led by Capricon Realty Private Limited, part of the Thackersey Group.
Previously, hBits raised $3.32 million from the Shree Naman Group and other investors. The latest funding will be utilized to enhance its AI-powered technology platform, broaden its geographical footprint, and provide curated investment opportunities to a larger audience, according to the company’s statement.
Founded by Shiv Parekh and Samir Bhandari, hBits offers a platform that simplifies access to high-yield Grade-A commercial properties. With a minimum investment threshold of Rs 10 lakh, it aims to attract both new and experienced investors. The platform’s offerings boast average rental yields of up to 10% and an Internal Rate of Return (IRR) of up to 18%.
hBits leverages AI technology to analyze market trends, assess property performance, and identify optimal investment opportunities. This approach aims to minimize risks, maximize returns, and enhance the user experience. The introduction of Small and Medium Real Estate Investment Trusts (SM REITs) is expected to further streamline the process by offering a structured framework akin to mutual funds.
The company plans to leverage the newly introduced SM REIT regulations by SEBI to democratize access to Grade-A commercial real estate for both individual and institutional investors. With these initiatives, 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. The expansion will focus on offering diversified and regulated investment options in India’s major commercial real estate markets.
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By Proptechbuzz
By Ravi Kumar
