hBits, a platform that facilitates investments in commercial real estate, has raised ₹40 crore in a Series A funding round from Capricon Realty Private Limited, a subsidiary of the Thackersey Group.

Previously, the Mumbai-based company raised $3.32 million from Shree Naman Group and others. The new funds will enhance hBits’ AI-driven platform, expand its reach, and provide curated investment opportunities to a broader audience.

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hBits plans to leverage SEBI’s Small and Medium Real Estate Investment Trust (SM REIT) regulations to offer diversified, regulated real estate investments, targeting a growth in Assets Under Management (AUM) from Rs 500 crore to Rs 1,500 crore by the end of FY24.

About hBits

Co-founded by Shiv Parekh and Samir Bhandari, hBits empowers investors to access Grade-A commercial properties with an entry ticket as low as Rs 10 lakh, offering high yields of up to 10% and expected IRRs of up to 18%.

The platform uses AI to analyze market trends, evaluate property performance, and optimize returns.

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