Strata crosses Rs 500 crore AUM mark

Mumbai, January 5,2021: Tech-enabled commercial real estate (CRE) investment platform, Strata has crossed Rs 500 crores mark in Assets Under Management (AUM). The company recently raised $6 million in a Series-A round co-led by Kotak Investment Advisors Limited, Gruhas Proptech (an exclusive fund by Nikhil Kamath of Zerodha & Abhijeeth Pai of Puzzolana Group), and Sabre Investments.

The company which doubled its AUM from Rs. 240 crore to Rs. 500 crore in 9 months also witnessed a massive jump of 300% in its investor base crossing 1500+, which comprises more than 20k+ active users. The company now aims to upscale its AUM by nearly 2X to reach ₹900 crore by April 2022. The company is eyeing a host of asset classes such as industrial assets, office spaces, warehouses, data centers, hotels, hospitals, among others. The company is also eyeing sale & leaseback deals with large corporations on long-term leases.

The assets funded are situated across cities such as Bengaluru, Hosur, Hyderabad, Mumbai etc. Earlier this year, Strata raised Rs. 34 crore for its ‘E-Zone investment opportunity’ in Mumbai. A premium office located in Goregaon, the asset received 100% commitment from investors within just 48 hours of its listing. Additionally, the company raised Rs. 47 crore for another office asset unit located in the Financial District in Hyderabad. That asset too received 100% commitment from investors within just 4 working days since its listing.

Commenting on the development,  Sudarshan Lodha, Co-founder & CEO, Strata, said, “2021 has been an extremely special year for Strata as we have grown at a significant pace, adding 1 crore to our AUM everyday this calendar year, which has enabled us to double our AUM to Rs. 500 crore in just about 9 months. Being one of the pioneers in democratising CRE as an asset class in the country, Strata has been diligently working towards enhanced risk mitigation and client centricity, while offering robust returns to our investors. We are committed to accelerating our growth journey from here while building and offering more inclusive and rewarding products for our investors.”

Last year, in March 2020, the company had raised $1.5 million in seed funding co-led by Elevation Capital and Mayfield India along with participation from PropStack angel investors.