hBits Raises ₹40 Crore in Series A Round from entity of Thackersey Group

Mumbai, January 8, 2025: Commercial real estate investment platform hBits has raised ₹40 Crore in its Series A funding round from Capricon Realty Private Limited, an entity of Thackersey Group. This milestone comes at a pivotal time for hBits, as it capitalizes on SEBI’s newly introduced Small and Medium Real Estate Investment Trust (SM REIT) regulations to revolutionize access to Grade-A commercial real estate for individual and institutional investors. The funds will be used to enhance hBits’ AI-driven technology platform, expand its geographical presence, and bring curated, high-value investment opportunities to a wider audience.

The Thackersey Group has been a significant contributor to Mumbai’s business and cultural fabric, spanning industries like textiles and real estate. Their stewardship includes being the landowner for landmark projects such as Raheja Vivarea and Rustomjee Crown, reflecting their enduring impact on the city’s skyline. The partnership between the Thackersey Group and hBits represents a unique convergence of legacy and innovation, as the group invests in a forward-thinking business reshaping the future of commercial real estate.

Raoul Thackersey of the Thackersey Group shared his thoughts on the partnership: “We always believed in forward-thinking investments that shape industries and communities. We are proud to partner with Shiv and the visionary team at hBits in their mission to redefine real estate investments in India. The SM REIT framework has the potential to democratize access to Grade-A commercial real estate for investors across the country. With our legacy of over 150 years, we understand the importance of building enduring businesses, and we’re excited to support hBits in creating a lasting impact in the real estate sector.”

hBits is spearheading a real estate investment revolution, creating what many are calling the “stock market of real estate.” The platform enables individuals to own shares in Grade-A commercial buildings, transforming these premium properties into stable and accessible investment opportunities. With a minimum investment size of just ₹10 lakh, hBits ensures that high-quality commercial real estate is no longer restricted to institutional investors.

hBits also leverages advanced AI technology to analyze market trends, evaluate property performance, and identify the best investment opportunities for its users. This data-driven approach helps reduce risk, optimize returns, and provide a seamless experience for investors.

Shiv Parekh, Founder and CEO of hBits, remarked: “This is the mutual fund moment for the real estate industry. Just as mutual funds democratized stock market investing, SM REITs have the potential to make Grade-A commercial real estate accessible to everyone. We believe SM REITs could become as large as mutual funds in the next 10 years, offering investors a stable, high-performing, and transparent way to build wealth.”