Strata has crossed the 500 crore in assets under management (AUM) mark.

Strata, India’s leading technology-based commercial real estate investment platform (CRE), is the first proptech company in the country to cross the important 500 crore in assets under management (AUM) threshold. The company recently raised $ 6 million in a Series A funding round, co-led by Kotak Investment Advisors Limited, Gruhas Proptech and Saber Investments.

Strata also saw a massive 300% jump in its investor base, surpassing 1,500+, which includes more than 20,000 active users. The company is now aiming to increase its AUM by nearly 2 times to reach Rs 900 crore by April 2022. Strata envisions a multitude of asset classes, such as industrial assets, offices, warehouses, data centers , hotels, hospitals, among others. She is fond of sale-leaseback agreements with large companies on long-term leases.

Sudarshan Lodha, co-founder and CEO of Strata, said 2021 has been an extremely special year for the company as it has grown at a significant rate, adding 1 crore to its assets under management. He said this enabled Strata to double its AUM to Rs 500 crore in just nine months.

“Being one of the pioneers in democratizing CRE as an asset class in the country, Strata has worked diligently to improve risk mitigation and customer focus, while delivering strong returns to our investors, ”he said. “This step is extremely valuable because it demonstrates the unwavering confidence that our investors have placed in us and our transparent modus operandi. It will play a decisive role in strengthening our position as a trusted investment partner for both our clients only for developers. We are committed to accelerating our growth from here while creating and delivering more inclusive and rewarding products for our investors. “

Since its inception in November 2019, Strata has offered a suite of high quality business assets such as office space, warehouses and industrial facilities, among others. Strata has financed a commercial property worth over 150 crore in Hosur. This made Strata the first proptech company to finance properties worth over 100 crore, which saw a 100% investment in 35 days of listing. Due to its data-centric approach, Strata has successfully pioneered entering Level II markets such as Jaipur, where assets were fully invested in just 15 days after listing.

This very data-driven approach has also enabled Strata to identify newer, high potential markets while providing superior ROI to its investors. The financed assets are located in cities such as Bengaluru, Hosur, Hyderabad, Mumbai, etc. Earlier this year, Strata raised Rs. 34 crore for its “Zone E investment opportunity” in Mumbai. A high-end office located in Goregaon, the asset received a 100% investor commitment within 48 hours of listing. Additionally, the company raised Rs. 47 crore for another office asset unit located in the financial district of Hyderabad. This asset also received a 100% commitment from investors within 4 working days of listing.

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Through its technology platform, Strata enables retail investors around the world to invest in specific commercial properties in a particular location of their choice while providing good returns. Currently, the platform has over 20,000 users and an active base of over 1,500 investors worldwide. In addition, it also provides a robust and reliable platform for real estate developers across the country to find investors for their assets. While 18% of the investor base includes NRIs, others include HNIs, family offices, senior executives of Fortune 500 companies as well as UHNIs and institutional investors.

Last year, in March 2020, the company raised $ 1.5 million in seed funding co-led by Elevation Capital and Mayfield India with the participation of angel investors PropStack. Strata plans to be the nation’s largest alternative investment platform for retail investors by enabling them to invest in CRE assets by democratizing assets and delivering them on an easy-to-use online platform. .

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