Bengaluru: Property tech platform PropShare has raised $47 million in a funding round led by WestBridge Capital with participation from existing investor Pravega Ventures.
Founded in 2016 by Kunal Moktan and Hashim Khan, PropShare allows users to access institutional grade assets with 8-10% in rental yields.
The company will use the proceeds to scale the platform across geographies and real estate asset classes by expanding distribution channels and investing in technology and people. On the customer’s side, the company will focus on leveraging technology to further improve user experience on the platform. Moktan, who is CEO, said, “Our focus on high quality institutional rent-yielding real estate has led to strong investor growth and rapid adoption of the platform among users for alternative investments.
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