Strata, a tech-enabled commercial real estate (CRE) investment platform, is the first proptech company in the country to have crossed a significant threshold of 500 crores in Assets Under Management (AUM). The company recently raised $6 million in a Series-A round co-led by Kotak Investment Advisors Limited, Gruhas Proptech (an exclusive fund by Nikhil Kamath of Zerodha & Abhijeeth Pai of Puzzolana Group), and Sabre Investments.
The company which doubled its AUM from Rs. 240 crore to Rs. 500 crore in just 9 months also witnessed a massive jump of 300% in its investor base crossing 1500+, which comprises more than 20k+ active users. The company now aims to upscale its AUM by nearly 2X to reach ₹900 crore by April 2022. The company is eyeing a host of asset classes such as industrial assets, office spaces, warehouses, data centers, hotels, hospitals, among others. The company is also eyeing sale & leaseback deals with large corporations on long-term leases.
Strata, since its inception in November 2019, has offered a suite of high quality, commercial assets such as office spaces, warehouses and industrial facilities among others. Strata funded 150+ crore worth commercial property at Hosur. It made Strata the first proptech company to fund property worth 100+ crore, which witnessed 100% investment in 35 days of listing. Owing to its data-centric approach, Strata has successfully pioneered to penetrate tier-II markets such as Jaipur wherein assets have witnessed full investment in just 15 days of the listing. This very data driven approach has also enabled Strata to identify newer and high potential markets while offering superior ROI to its investors.