HBits Secures $4.6M Series A to Revolutionize Property Investment
Deal News | Jan 11, 2025 | Aim Group
India-based proptech startup HBits has successfully raised INR400 million ($4.6 million U.S.) in a Series A funding round. The company specializes in offering real estate fractional ownership, allowing investors to own a portion of property investments. This funding is expected to help HBits expand its operational footprint and enhance its technology, thereby facilitating a greater reach in the property investment market. The capital raise underlines the growing investor confidence in proptech solutions and their transformative potential within the real estate sector.
Sectors
- PropTech
- Real Estate
Geography
- India – HBits is based in India and operates within the Indian real estate market, reflecting its geographical focus.
Industry
- PropTech – HBits operates as a real estate fractional ownership platform, integrating technology with property investment, thus positioning itself within the PropTech industry.
- Real Estate – The core business of HBits involves real estate, offering investors an opportunity to own fractional shares of property, which relates to the broader real estate market.
Financials
- 400 million INR ($4.6 million U.S.) – The amount raised by HBits in their Series A funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| HBits | Target Company | Company | HBits is a proptech startup based in India focused on providing a fractional ownership platform for real estate. |