Zerodha’s Nikhil Kamath backs wealth tech startup BHIVE.fund
- ByStartupStory | May 13, 2022
BHIVE.fund is a wealth tech platform which offers solo investors an opportunity to invest in a safe and high-return asset class which was earlier not available to them like commercial real estate and has made strategic investments from Gruhas Proptech, Blume Ventures and other marquee investors. BHIVE’s asset classes provide very reliable risk adjustment returns and also offer monthly income. This monthly income generated acts as financial freedom and security for individual investors.
Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana co-founded Gruhas which is the country’s largest proptech-focused entity. On the other hand, Blume Ventures is a leading VC company in India at present that counts multiple unicorns in its portfolio. Shesh Rao Paplikar, the co-founder and CEO of BHIVE.fund said that Kamath Brothers are the most successful and biggest inspiration for everyone in the startup ecosystem.
BHIVE.fund was established in 2021 by Shesh Rao Paplikar, Sandeep Gupta and Monnappa Bayavanda. The firm has already reached its achieved product-market fit with a sales run rate of a million dollars per month. With the help of this tech-driven platform, the individual investors get a chance to invest in businesses, domestic commercial real estate and international real estate. Its app is available on both Android and Apple with the name of ‘BHIVE Real Estate & Alts’.
Sarita Raichura, the Vice-President at Blume Ventures said that the company has invested in BHIVE Workplace and has been closely working with Shesh and the team and having witnessed the grit and strength of the team during the pandemic, it is a pleasure to invest. The vision of solving real estate problems in an ever-growing commercial real estate market in India is their key factor.
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