Fractional Ownership Startup hBits Bags INR 40 Cr From Capricon Realty

Mumbai-based fractional ownership startup hBits has bagged INR 40 Cr (around $4.6 Mn) as part of its Series A funding round from Capricon Realty, an entity of Thackersey Group.

The company plans to deploy the fresh proceeds to boost its artificial intelligence (AI)-driven platform, expand its geographical footprint and reach more users. 

The proptech company uses AI technology to analyse market trends, evaluate property performance, and identify investment opportunities for its users. This data-driven approach helps reduce risk, optimise returns, and provide a seamless experience for investors, said the company.

“Combining Thackersey Group’s expertise with our AI-driven platform and passionate team, we aim to create a sustainable, long-term enterprise that transforms real estate investment in India,” said founder and CEO Shiv Parekh. 

Founded in 2018 by Parekh, hBits is a fractional ownership platform which enables customers to invest in commercial properties with an entry ticket as low as INR 10 Lakh. 

In 2022, hBits raised INR 20 Cr in a strategic round that saw participation from IIFL chairman Nirmal Jain, Incred Capital, Jungle Ventures’ former executive Jayesh Parekh and senior Nomura Services executive Awdhesh Krishna.

The latest fundraise comes amid growing investor interest in the larger proptech sector. For instance, in September last year urban renting-focused proptech startup Flent raised INR 6.5 Cr in a pre-seed funding round led by WEH Ventures. 

Another proptech startup JUSTO Realfintech bagged $7 Mn in a mix of equity and debt infusion. Moreover, HouseEazy also raised a funding of $7 Mn in a Series A round led by Chiratae Ventures. 

As per reports, the Indian fractional ownership market was valued at a mere $500 Mn in 2024 and is poised to surpass $5 Bn in assets under management (AUM) by 2030.