Proptech startup PropShare raises $47 mn in funding from WestBridge Capital, others

Proptech startup PropShare has raised Rs 367 crore ($47 million) in funding led by WestBridge Capital, with current backers Pravega Ventures also participating in the round. The funds will be used by the property investment platform to extend its platform across regions and real-estate asset classes by increasing distribution channels & investing in tech and people.

“By partnering with WestBridge Capital, we fully intend to grow to over $1 billion in transacted resources on the platform by expansion into new geographies & property types while retaining technology & our investors at the foundation of our offerings,” said Hashim Khan, PropShare’s cofounder and chief technology officer (CTO).

The firm will also concentrate on using technologies to optimize platform-user experiences for clients by expanding liquidity, launching new product lines, and strengthening investor connections.

“We are thrilled to be working with Kunal [Moktan] and Hashim [Khan], both of whom have extensive expertise in institutional real estate investing & technology. With exceptional capital efficiency, PropShare has risen to $125 million+ in AUM and has already reached profitability,” said Deepak Ramineedi, an associate at WestBridge Capital.

 PropShare, which was founded by IIM Ahmedabad alumni Kunal Moktan and Hashim Khan in 2016, is a technology-driven real estate investment system that allows investors to acquire commercial real estate assets.

Property Share seems to be an interesting startup with a persuading development on investment management platform. All the best to the whole group. This will give them immense achievement later on.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.