Strata raises USD $1.5 Million in seed round from SAIF Partners, Mayfield India and PropStack

Strata, tech-enabled commercial real estate investment platform has raised USD $1.5 Million in a seed round led by SAIF Partners and Mayfield India. Real estate data analytics platform, PropStack and three other prominent angel investors with commercial real estate backgrounds have also participated in the round. Targeting a market size that is expected to grow to $1 Trillion by 2030, Strata aims to create new investment opportunities in premium commercial properties for the aspirational middle-class Indians who to date could only invest in low-yielding residential properties.

Currently operational in Bangalore (HQ) and Mumbai, Strata is hoping to double in team size this year to over 45 members, with a majority of hiring in roles related to technology and investor relations. With 1500 users and 150 active investors on the platform, the brand plans to utilize the fresh raise to expand to other metro cities and strengthen its current tech stack.

Incorporated in May 2019, Strata recognizes the fact that real estate investors in India are making poor bets due to lack of relevant experience, unavailability of right data sets and insufficient capital which is needed to invest in prime properties. Therefore, the platform is designed with a three-pronged approach which is to help reduce the high capital requirement for investors, bring in expertise and introduce liquidity to an otherwise rigid marketplace.

Sudarshan Lodha, Co-Founder, 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 250 Crores of AUM in this calendar year, we are creating India’s largest tech-enabled real-estate investment platform with our fractional investment model.”

“Partnering with SAIF Partners and Mayfield adds a lot of credibility to our business model and we are happy to get an opportunity to leverage from their experience in disrupting the proptech business in India. Additionally, we are also excited about our strategic investment from PropStack as it will help us get exclusive CRE intelligence and analytics, which in turn will allow us an edge over other platforms in the ecosystem.”

Srinivas Bhaskar, Vice President, SAIF Partners commented on the fundraising, “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 for this journey ahead with Strata”

Subeer Monga, Principal, Mayfield India, on the fundraise, commented, “The alternate real estate asset class has been the playground for largely institutional investors. With Strata, individual investors can now access real estate investing without needing to invest large sums of money. We are excited to partner with Strata which is creating a new asset class for individual investors.”

Raja Seetharaman, Co-Founder at Propstack added, “Strata has been able to create a simple, low-cost way for anyone to access real estate’s historically consistent and exceptional returns. Besides the team is passionate about changing the real estate sector in the country. The combination of Propstack’s data & analytics with Strata’s unique investment platform has created a game-changing proposition. Our objectives are completely aligned and we’re confident of working together to enable efficient real estate investments”.

Strata is a tech-enabled real estate investment platform that allows investors to own and sell fractions of pre-leased, Grade-A commercial properties such as office spaces, warehouses, etc. With an online investment process and a focus data-driven investing, Strata is bringing accessibility, transparency, and liquidity to real estate investments.

In little over 6 months since inception, Strata has funded three premium assets and has grown to a team size of over 20.

Strata is funded by marquee investors, SAIF Partners, Mayfield Ventures and Propstack. The company is supported by WeWork Labs and has an exclusive data partnership with PropStack, India’s leading CRE data and analytics platform.

If you have an interesting article / experience / case study to share, please get in touch with us at [email protected]

Advertisement