hBits Raises Rs 40 Cr for Fractional Ownership Platform
By Rediff Money Desk, New Delhi Jan 08, 2025 17:08
hBits, a fractional ownership platform for commercial real estate, raises Rs 40 crore from investors to expand its reach and enhance its AI-driven technology.

Photograph: Amit Dave/Reuters
New Delhi, Jan 8 (PTI) hBits, which facilitates fractional ownership of commercial real estate, has raised Rs 40 crore from investors to fund growth plan.
In a statement on Wednesday, hBits said it has raised Rs 40 crore in its Series A funding round from Capricon Realty Private Ltd, an entity of Thackersey Group.
The funds will be used to enhance hBits' AI-driven technology platform, expand its geographical presence, and bring curated, high-value investment opportunities to a wider audience, it added.
The Thackersey Group, with a rich legacy of over 150 years, has been a significant contributor to Mumbai's business and cultural fabric, spanning industries like textiles and real estate.
Raoul Thackersey of the Thackersey Group said, "We always believed in forward-thinking investments that shape industries and communities.
The SM REIT framework has the potential to democratise access to Grade-A commercial real estate for investors across the country, he added.
hBits platform enables individuals to own shares in Grade-A commercial buildings.
With a minimum investment size of just Rs 10 lakh, hBits ensures that high-quality commercial real estate is no longer restricted to institutional investors.
It also leverages advanced AI technology to analyse market trends, evaluate property performance, and identify the best investment opportunities for its users.
This data-driven approach helps reduce risk, optimise returns, and provide a seamless experience for investors.
Shiv Parekh, Founder and CEO of hBits, said, "This is the mutual fund moment for the real estate industry. Just as mutual funds democratised 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.
In a statement on Wednesday, hBits said it has raised Rs 40 crore in its Series A funding round from Capricon Realty Private Ltd, an entity of Thackersey Group.
The funds will be used to enhance hBits' AI-driven technology platform, expand its geographical presence, and bring curated, high-value investment opportunities to a wider audience, it added.
The Thackersey Group, with a rich legacy of over 150 years, has been a significant contributor to Mumbai's business and cultural fabric, spanning industries like textiles and real estate.
Raoul Thackersey of the Thackersey Group said, "We always believed in forward-thinking investments that shape industries and communities.
The SM REIT framework has the potential to democratise access to Grade-A commercial real estate for investors across the country, he added.
hBits platform enables individuals to own shares in Grade-A commercial buildings.
With a minimum investment size of just Rs 10 lakh, hBits ensures that high-quality commercial real estate is no longer restricted to institutional investors.
It also leverages advanced AI technology to analyse market trends, evaluate property performance, and identify the best investment opportunities for its users.
This data-driven approach helps reduce risk, optimise returns, and provide a seamless experience for investors.
Shiv Parekh, Founder and CEO of hBits, said, "This is the mutual fund moment for the real estate industry. Just as mutual funds democratised 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.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.47 (+ 2.05)
- 61048233
- Thinkink Picturez
- 0.45 ( 0.00)
- 22664084
- G G Engineering
- 1.22 ( -3.94)
- 18109205
- Srestha Finvest
- 0.69 ( -1.43)
- 12131937
- Hathway Cable & Data
- 14.75 ( -2.12)
- 11583833
MORE NEWS

Samsung India Employees Strike Over Union...
Employees at Samsung's Sriperumbudur plant in Tamil Nadu are on strike, demanding...
HC Robotics to Invest Rs 500 Cr in Telangana,...
Centillion Networks'' subsidiary HC Robotics will invest Rs 500 crore in Telangana,...

Ajax Engineering Raises Rs 379 Cr Ahead of IPO
Ajax Engineering, backed by Kedaara Capital, has secured Rs 379 crore from anchor...