VC Fund Investments
Fractional property ownership enabler Strata raises $6-M from Kotak, Gruhas Proptech, others
Bengaluru-based proptech startup Strata, which facilitates fractional ownership of commercial real estate, has raised USD 6 million (around INR 44.6 crore) in a Series A round from investors including Kotak Investment Advisors to expand its business and grow its assets under management. The round was co-led by Kotak, Gruhas Proptech (an exclusive fund by Nikhil Kamath of Zerodha and Abhijith Pai of Puzzolana Group for proptech investments and special situations) and Sabre Investments (an investment arm of Rahul Talwar, promoter family of DLF). Elevation Capital, Mayfield India and Gemba Capital also participated in the funding round. In March 2020, the company had raised USD 1.5 million in seed funding co-led by Elevation Capital and Mayfield India along with participation from PropStack angel investors.
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