Total amount raised
$7.5 Million
Latest funding date
7/1/2021
Location
Strata has successfully raised over $8 million in funding across two rounds, with backing from prominent investors such as Sabre Partners, Kotak Alternate Asset Managers, and Gruhas. The platform specializes in fractional real estate investment, offering opportunities in premium commercial properties with the promise of returns ranging from 14-16% IRR.
Keep reading to explore the intricacies of Strata's fundraising journey and the investors backing this innovative platform.
What Is Strata?
Strata, founded in 2019, is a private company based in Bengaluru, Karnataka, India. It operates within the commercial real estate, financial services, and real estate investment industries. The company specializes in fractional real estate investment, making it easier for individuals to invest in premium commercial properties.
With a team of 101-250 employees, Strata is led by CEO and Co-Founder Sudarshan Lodha. The platform promises high returns and a fully digital investment process, aiming to provide a transparent and data-driven approach to real estate investment.
How Much Funding Has Strata Raised?
- Seed Round
- Amount Raised: USD 1,500,000
- Date: March 2020
- Lead Investors: Elevation Capital, Mayfield Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Establish the business and develop initial product offerings.
- Series A
- Amount Raised: USD 6,000,000
- 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: USD 7,500,000. 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. The fund focuses on proptech investments and special situations.
- Investment Focus Areas: Proptech, special situations
- Notable Investments: Specific notable investments not mentioned.
- Kotak Investment Advisors
- Details: Kotak Investment Advisors is a prominent investment advisory firm. It co-led Strata's Series A funding round.
- Investment Focus Areas: General investment advisory across various sectors
- Notable Investments: Various investments across multiple sectors.
- Sabre Partners
- Details: Sabre Partners is an investment arm of Rahul Talwar, from the promoter family of DLF. It focuses on investments in various sectors, with a particular emphasis on real estate.
- Investment Focus Areas: Real estate, various sectors
- Notable Investments: Specific notable investments not mentioned.
- Elevation Capital
- Details: Elevation Capital is a venture capital firm that co-led Strata's seed funding round in March 2020. It is known for its early-stage investments in technology and consumer sectors.
- Investment Focus Areas: Technology, consumer sectors
- Notable Investments: Paytm, Swiggy, UrbanClap
- Mayfield India
- Details: Mayfield India is a venture capital firm that co-led Strata's seed funding round in March 2020. It focuses on early-stage investments in technology and consumer sectors.
- Investment Focus Areas: Technology, consumer sectors
- Notable Investments: Amagi, Licious, Simplilearn
What's Next for Strata?
Strata's future looks promising as it aims to expand its business and geographical footprint across key Indian markets. With plans to grow its assets under management from Rs 330 crore to Rs 1,500 crore by FY21-22, the company is poised to introduce new investment offerings and double its headcount. This aggressive expansion could open doors for future fundraising opportunities to support its growth initiatives.
However, Strata may face challenges in scaling operations across multiple cities and ensuring the successful implementation of new investment offerings. Navigating regulatory and market conditions in the commercial real estate sector will also be crucial. Despite these hurdles, the increasing interest in proptech and fractional ownership of commercial real estate presents significant growth opportunities for Strata.
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