Strata raises $6 mn in a Series A funding round from investors
Real Estate

Strata raises $6 mn in a Series A funding round from investors

Proptech startup firm Strata, which promotes fractional ownership of commercial real estate, has raised $6 million from investors comprising Kotak Investment Advisors to develop its business and advance its assets under management.

Strata told the media that it raised $6 million in a Series A funding round.

This round of funding was co-led by Kotak Investment Advisors, Gruhas Proptech (an exclusive fund by Abhijith Pai of Puzzolana Group and Nikhil Kamath of Zerodha for proptech investments and special situations), Sabre Investments (an investment unit of Rahul Talwar, promoter family of DLF).

Additionally, Mayfield India, Gemba Capital and Elevation Capital joined the funding round.

In March 2020, the firm had raised $1.5 million in seed funding co-led by Mayfield India and Elevation Capital along with participation from PropStack angel investors.

Strata told the media that the firm will use this capital to grow aggressively in the following year, taking its current Asset under Management (AUM) of about Rs 330 crore to Rs 1,500 crore by FY21-22. The company aims to expand its geographical footprint over key markets of Hyderabad, Delhi, Pune, Mumbai, Chennai and Bengaluru.

It also intends to stimulate product development and introduce new investment offerings to generate greater returns for its investors in the long term.

Strata said that the firm is also striving to double its headcount in the current fiscal year. It is eyeing fresh recruits for the position of tech and product managers, investment managers and asset managers.

Strata, incorporated in May 2019 and established by Sudarshan Lodha and Priyanka Rathore, strives to be the largest alternative investment platform in India for retail investors by allowing them to invest in commercial real estate (CRE) assets, by fractionalizing assets and giving it on an easy-to-use online platform.

Sudarshan Lodha, CEO, Strata, told the media that their goal is to democratise CRE like an asset class like never before in India. This fresh round of financing comes at a crucial point in their business, enabling them to expedite their expansion plans and build and innovate their product portfolio as they gear up for their next stage of growth.

Strata is a tech enabled CRE investment platform that enables investors to have and trade units of pre-leased, Grade-A commercial properties like warehouses, office spaces and industrial assets.

Image Source


Also read: Telangana plans to raise Rs 3,000 cr via layout regularisation scheme

Proptech startup firm Strata, which promotes fractional ownership of commercial real estate, has raised $6 million from investors comprising Kotak Investment Advisors to develop its business and advance its assets under management. Strata told the media that it raised $6 million in a Series A funding round. This round of funding was co-led by Kotak Investment Advisors, Gruhas Proptech (an exclusive fund by Abhijith Pai of Puzzolana Group and Nikhil Kamath of Zerodha for proptech investments and special situations), Sabre Investments (an investment unit of Rahul Talwar, promoter family of DLF). Additionally, Mayfield India, Gemba Capital and Elevation Capital joined the funding round. In March 2020, the firm had raised $1.5 million in seed funding co-led by Mayfield India and Elevation Capital along with participation from PropStack angel investors. Strata told the media that the firm will use this capital to grow aggressively in the following year, taking its current Asset under Management (AUM) of about Rs 330 crore to Rs 1,500 crore by FY21-22. The company aims to expand its geographical footprint over key markets of Hyderabad, Delhi, Pune, Mumbai, Chennai and Bengaluru. It also intends to stimulate product development and introduce new investment offerings to generate greater returns for its investors in the long term. Strata said that the firm is also striving to double its headcount in the current fiscal year. It is eyeing fresh recruits for the position of tech and product managers, investment managers and asset managers. Strata, incorporated in May 2019 and established by Sudarshan Lodha and Priyanka Rathore, strives to be the largest alternative investment platform in India for retail investors by allowing them to invest in commercial real estate (CRE) assets, by fractionalizing assets and giving it on an easy-to-use online platform. Sudarshan Lodha, CEO, Strata, told the media that their goal is to democratise CRE like an asset class like never before in India. This fresh round of financing comes at a crucial point in their business, enabling them to expedite their expansion plans and build and innovate their product portfolio as they gear up for their next stage of growth. Strata is a tech enabled CRE investment platform that enables investors to have and trade units of pre-leased, Grade-A commercial properties like warehouses, office spaces and industrial assets. Image Source Also read: Telangana plans to raise Rs 3,000 cr via layout regularisation scheme

Next Story
Infrastructure Energy

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Next Story
Real Estate

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world..

Next Story
Real Estate

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App