Total amount raised
$7.5 Millions
Latest funding date
7/1/2021
Location
Strata has successfully raised $6 million in a Series A funding round, with backing from prominent investors such as Elevation Capital and Sabre Partners. The platform offers fractional real estate investment opportunities, making premium commercial properties accessible to a broader range of investors.
Keep reading to delve into the details of Strata's funding journey and discover the key investors supporting this innovative real estate investment platform.
What Is Strata?
Strata, founded in March 2019, is a fractional real estate investment platform based in Bengaluru, Karnataka, India. The company was established by Priyanaka Rathore and Sudarshan Lodha.
Strata enables investors to invest in premium commercial properties with Grade A clients across India. The platform offers a transparent and affordable way to own fractions of high-value real estate.
With a team of 101-250 employees, Strata manages all aspects of property investment, including rent disbursement, tenant management, and asset sales.
How Much Funding Has Strata Raised?
- Seed Round
- Amount Raised: $1.5M
- Date: March 2020
- Lead Investors: Elevation Capital, Mayfield Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Establish operations, develop the platform, and begin acquiring assets for fractional ownership.
- Series A
- Amount Raised: $6M
- Date: July 2021
- Lead Investors: Gruhas, Kotak Alternate Asset Managers, Sabre Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Expand business, grow assets under management, and spread geographical footprint across key markets in India.
Total amount raised: $7.5M. Current valuation: Not publicly disclosed.
Key Investors
- Gruhas
- Details: Gruhas is an exclusive fund by Nikhil Kamath of Zerodha and Abhijith Pai of Puzzolana Group.
- Investment Focus Areas: Proptech investments, special situations.
- Notable Investments: Not specified.
- Kotak Alternate Asset Managers
- Details: Kotak Alternate Asset Managers is a part of Kotak Investment Advisors, focusing on alternative investments.
- Investment Focus Areas: Real estate, private equity, infrastructure.
- Notable Investments: Not specified.
- Sabre Partners
- Details: Sabre Partners is an investment arm of Rahul Talwar, part of the promoter family of DLF.
- Investment Focus Areas: Not specified.
- Notable Investments: Not specified.
- Elevation Capital
- Details: Elevation Capital is a venture capital firm that invests in early-stage companies across various sectors.
- Investment Focus Areas: Technology, real estate, consumer internet.
- Notable Investments: Paytm, Swiggy, UrbanClap.
- Mayfield Fund
- Details: Mayfield Fund is a global venture capital firm with a focus on early-stage investments.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Lyft, Poshmark, SolarCity.
What's Next for Strata?
Strata's future looks promising as it aims to expand its business and grow its assets under management significantly. The company plans to increase its geographical footprint across key Indian markets, including Mumbai, Hyderabad, and Delhi. This expansion is expected to drive substantial growth, with the goal of increasing its current assets under management from approximately Rs 330 crore to Rs 1,500 crore by FY21-22.
To support these ambitious plans, Strata may seek additional funding in the future. The company is also focused on accelerating product development and introducing new investment offerings, which could attract more investors. However, challenges such as managing rapid expansion, navigating regulatory conditions, and ensuring the scalability of their tech platform may arise. Despite these hurdles, Strata's strategic vision and industry trends in proptech and fractional ownership position it well for continued success.
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