CRE Investment Platform Strata raises $6 million led by Kotak Investment Advisors & Others
Strata, a tech-enabled commercial real estate (CRE) investment platform, has raised $6 million in a Series A round co-led by Kotak Investment Advisors Ltd, Gruhas Proptech, a fund by Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana Group for proptech investments and special situations, and Sabre Investments, which is Rahul Talwar's investment arm.
The round was also attended by Elevation Capital, Mayfield India, and Gemba Capital. Strata will use this capital to grow its current assets under management (AUM) of 330 crore to 1500 crore by 2021-22. It intends to expand its geographical reach to include Mumbai, Hyderabad, Chennai, Bengaluru, Delhi, and Pune.
Strata raised $1.5 million in seed funding in March 2020, led by Elevation Capital, Mayfield India, and PropStack angel investors.
Strata, founded in May 2019 by Sudarshan Lodha and Priyanka Rathore, aspires to be the largest alternative investment platform in the country for retail investors, allowing them to invest in CRE assets by fractionalizing assets and offering them on an easy-to-use online platform.
Sudarshan Lodha, CEO, Strata said, “Our aim is to democratize CRE as an asset class like never before in India. This fresh round of financing comes at a critical point in our business, enabling us to accelerate our expansion plans and build and innovate our product portfolio, as we gear up for our next phase of growth."
“Strata, in a very short span of time, has built a powerful asset class that is easily accessible to the masses. Investment in CRE has predominantly remained off-limits for most sections of the investor community in India.
However, Strata has managed to close the gap by giving investors accessibility, transparency and affordability to invest in CRE through its offerings. We are delighted to partner with Sudarshan and Strata in their next phase of growth," said Sriniwasan, MD, Kotak Investment Advisors.
Abhijeet Pai, Gruhas Proptech, said, “By offering CRE investment on a platter and empowering masses to access it as a promising asset class, Strata has built a niche for itself in regard to alternative wealth creation. The combination of technology and strong product capabilities offered by the team will help usher in a ‘new age’ in real-estate investing in India."
Strata's platform currently has over 15,000 users and an active base of over 1,000 investors worldwide.
The round was also attended by Elevation Capital, Mayfield India, and Gemba Capital. Strata will use this capital to grow its current assets under management (AUM) of 330 crore to 1500 crore by 2021-22. It intends to expand its geographical reach to include Mumbai, Hyderabad, Chennai, Bengaluru, Delhi, and Pune.
Strata raised $1.5 million in seed funding in March 2020, led by Elevation Capital, Mayfield India, and PropStack angel investors.
Strata, founded in May 2019 by Sudarshan Lodha and Priyanka Rathore, aspires to be the largest alternative investment platform in the country for retail investors, allowing them to invest in CRE assets by fractionalizing assets and offering them on an easy-to-use online platform.
Sudarshan Lodha, CEO, Strata said, “Our aim is to democratize CRE as an asset class like never before in India. This fresh round of financing comes at a critical point in our business, enabling us to accelerate our expansion plans and build and innovate our product portfolio, as we gear up for our next phase of growth."
“Strata, in a very short span of time, has built a powerful asset class that is easily accessible to the masses. Investment in CRE has predominantly remained off-limits for most sections of the investor community in India.
However, Strata has managed to close the gap by giving investors accessibility, transparency and affordability to invest in CRE through its offerings. We are delighted to partner with Sudarshan and Strata in their next phase of growth," said Sriniwasan, MD, Kotak Investment Advisors.
Abhijeet Pai, Gruhas Proptech, said, “By offering CRE investment on a platter and empowering masses to access it as a promising asset class, Strata has built a niche for itself in regard to alternative wealth creation. The combination of technology and strong product capabilities offered by the team will help usher in a ‘new age’ in real-estate investing in India."
Strata's platform currently has over 15,000 users and an active base of over 1,000 investors worldwide.
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