Hbits Asset Profile

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Year established

2019

Location

Mumbai Maharashtra India

Primary Industry

Real Estate Development & Operating Companies

About

Based in Maharashtra, India, and founded in 2019 by its CEO Shiv Parekh, Hbits Proptech Private Limited operates as a proptech company that deals in commercial real estate and offer fractional ownership. In September 2022, hBits Proptech Private Limited raised INR 200 million in angel funding from InCred Capital and Snow Leopard Ventures. As of September 2022, the company manages more than Rs. 30 Billion in assets via eight properties and has more than 35,000 investors on its platform. Hbits Proptech Private Limited offers a property ownership platform that uses machine learning and blockchain technology to gather historical sale and rental data. The platform allows investing with fractional ownership in grade A commercial properties and also with low ticket sizes and personalized services online and offline. All the contracts made through the company's platform are digitally signed, and investors can buy and sell transactions themselves. The company plans to use the angel funding to expand its business reach and buy new assets under management.

Current Investors

Snow Leopard Ventures, InCred Capital

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Primary Industry

Real Estate Development & Operating Companies

Sub Industries

e-Financial, Investment Banking, Web Applications, Accounting/Finance Software, Commercial Property

Website

www.hbits.co

Verticals

FinTech, Real Estate Tech

Company Stage

Angel & Seed

Total Amount Raised

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Employee Data

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