Proptech firm hBits raises angel funding

hBits, a proptech company offering fractional ownership  to investors in Grade-A properties, on October 7 announced that it has raised an undisclosed amount of angel funding from a number of investors.

The company, said a press release, plans to invest the capital in strengthening technology and focus on customer acquisition.

Shiv Parekh, Founder, hBits, said, “Fractional ownership is a new concept in formal set-up but the concept existed in the country for many years. We are focusing on popularising the concept and offering best properties with high returns to build the trust of investment community.”

Ankush Ahuja, Director of Business Development and Investment, hBits, said: “We are in the process of closing few more properties in the coming quarters to add value to our investors.”