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Proptech Startup Propshare Raises $47 Million Led By Westbridge Capital

Proptech Startup Propshare Raises $47 Million Led By Westbridge Capital

06/27/22, 7:00 AM
Money raised
$47 million
Proptech startup PropShare has secured Rs 367 crore ($47 million) in funding led by WestBridge Capital, with participation from existing investors Pravega Ventures.

Company Info

Company
Prop Share
Additional Info
The real estate investment platform will use the capital to scale its platform across geographies and real-estate asset classes by expanding distribution channels and investing in technology and people. The company will also focus on utilising technology to improve platform-user experiences for the customers by increasing liquidity, adding more product lines, and bolstering investor relations. “By partnering with WestBridge Capital, we plan to grow to over $1 billion in transacted assets on the platform by expanding into new geographies and property types while keeping technology and our investors at the core of our offerings,” Hashim Khan, cofounder & chief technology officer (CTO), PropShare said. Founded in 2016, PropShare is a technology-driven real estate investment platform that enables investors to purchase commercial real estate assets.