11.8 C
New York
Saturday, December 5, 2020
Home Trends Strata secured $1.5 M in seed round from SAIF Partners

Strata secured $1.5 M in seed round from SAIF Partners

Strata, a Bangalore based real estate investment technology startup, has now secured $1.5 million funding in a seed funding round by the Mayfield India and SAIF Partners.

Real estate data analytics platform, PropStack, and some other angel investors with commercial real estate backgrounds have also participated in the funding round. The team is also looking to double its team size to around 45 members with a hiring focus in tech and investor relation roles. Strata claim to have around 1500 users and have around 150 active investors on the platform as well.

In a statement, Sudarshan Lodha, Co-founder of Strata, said, “As a brand, we are focused on bringing in transparency and a data-driven approach to investments in real estate. Aiming to touch Rs 250 crore of AUM in this calendar year, we are creating India’s largest tech-enabled real-estate investment platform with our fractional investment model.”

Srinivas Bhaskar, Vice President, SAIF Partners, said, “We are thrilled to partner with Strata, which is delivering outstanding innovation and results in the proptech space in the country. We have a strong belief in the founding team’s vision of creating new investment opportunities for the middle-class in the country. We are excited about this journey ahead with Strata.”

The post Strata secured $1.5 M in seed round from SAIF Partners appeared first on TechStory.

Source: Techstory

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Pondy govt opposed to privatising power distribution: CM

Chief Minister of Puducherry V Narayanasamy on Saturday said the territorial government was against the Centre's move to privatise power distribution. "The Centre's current proposal...

Farmers bring their own food, tea at Govt meeting, again

Meeting the government for the fifth time on Saturday with their demands for scrapping the three new farm laws, union leaders decided to have...

Highway is the new home for farmers

Tents pitched on tractors, people busy chopping vegetables to get food ready, solar panels to charge mobile phones, medical camps and even hookahs --...

Britain gives the go-ahead to Pfizer and BioNtech vaccine for Covid -19, starts vaccination soon; India loses out on the same as no trials...

The world has been in the grip of Coronavirus, and since its outbreak in December 2019, in Wuhan, China, much has changed worldwide. By January...

Recent Comments

%d bloggers like this: