hBits is a platform that offers fractional ownership in Grade A commercial properties, using machine learning to aggregate historical sale and rental data and present it publicly. The company manages eight assets totaling about 1.50 lakh square feet and reports Rs 150 crore of assets under management. It claims roughly 30,000 investors on its platform, many from multinational companies at managerial levels. hBits plans to use the new capital to scale AUM, accelerate customer acquisition, expand into new cities, and strengthen its ML-driven transparency features. The firm is also exploring blockchain to make transactions paperless and enable digital, self-served buy/sell transactions. hBits exited its first asset with an IRR of more than 17.54% and closed one asset in 17 days.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2022