Proptech startup PropShare raises $47 mn in funding from WestBridge Capital, others

• ByStartupStory     |    July 26, 2022

Proptech startup PropShare has raised Rs 367 crore ($47 million) in funding led by WestBridge Capital, with current backers Pravega Ventures also participating in the round. The funds will be used by the property investment platform to extend its platform across regions and real-estate asset classes by increasing distribution channels & investing in tech and people.

“By partnering with WestBridge Capital, we fully intend to grow to over $1 billion in transacted resources on the platform by expansion into new geographies & property types while retaining technology & our investors at the foundation of our offerings,” said Hashim Khan, PropShare’s cofounder and chief technology officer (CTO). 

The firm will also concentrate on using technologies to optimize platform-user experiences for clients by expanding liquidity, launching new product lines, and strengthening investor connections.

“We are thrilled to be working with Kunal [Moktan] and Hashim [Khan], both of whom have extensive expertise in institutional real estate investing & technology. With exceptional capital efficiency, PropShare has risen to $125 million+ in AUM and has already reached profitability,” said Deepak Ramineedi, an associate at WestBridge Capital.

 PropShare, which was founded by IIM Ahmedabad alumni Kunal Moktan and Hashim Khan in 2016, is a technology-driven real estate investment system that allows investors to acquire commercial real estate assets.

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