Asset Management Firm MPowered Raises $21 M From A Group Of US-based HNIs
The round is led by New York-based serial entrepreneurs and real estate honchos Ashok Nichani and Shelly Nichani.
Carving a niche of its own in organized Asset Management soon after launching operations, Gurgaon-based Asset Management firm, MPowered has raised $21 Million in a pre-series A round, from a group of US-based HNIs. The round is led by serial entrepreneurs and real estate bigwigs AshokNichani and Shelly Nichani. The funding will be used by the firm to take on new verticals of real estate such as warehousing, residential and commercial spaces. A portion of the funding amount will also be used to develop tech-solutions that will enable ease-of-use in day-to-day real estate transactions and management.
Speaking of this, MPowered Founder & CEO, Sudeep Singh said, “This fundraiser will be a great head-start to MPowered’s journey as India’s most futuristic Asset-Management firm that converges deep-rooted understanding of Indian real estate and thorough knowledge of global real estate concepts from countries including USA, Canada, Germany, Poland, and the UK among others. We are extremely thrilled to be backed and advised by stalwarts like Ashok and Shelly who come with rock-solid expertise in real estate at a global level. Their prowess in real estate will be paramount in MPowered’s journey ahead.”
Commenting on the fundraise, BhavnaJuneja, Co-Founder, MPowered said,” At MPowered, our vision is to power real estate with technology every step of the way, with the latter being at the front and centre of our concepts and operations. Raising funds at this juncture is integral to this vision and I am stoked that our investors come with a deep-rooted understanding of the real-estate business globally, which is going to be an invaluable asset for us as a company.”
Speaking of his investment in MPowered, Ashok Nichani commented, “We strongly believe in MPowered’s value proposition as a business and its fitment in the Indian market where organized asset management is still fairly nascent and unexplored. MPowered brings to the table end-to-end solutions for landlords and property owners who may lack the time, knowledge or skills to put their real estate assets to good use and yield high returns on it. MPowered’s leadership is cut-out to do this brilliantly and will serve as a solid case study for the industry to follow.”
“We are extremely excited about our association with MPowered. India is a very high-action space right now with an immense appetite for new concepts, technology, and models. This is the best time to address the white spaces in industries such as real estate that are timeless and currently demand intelligent concepts and handling. The real estate sector in India is currently at the pinnacle of positive transformations and a business-like MPowered is bound to turn things around for the better for the entire asset-management space.”, said Shelly Nichani.
MPowered is a firm that specializes in Asset-Management Solutions, to help property owners convert their real estate liabilities into chic profit-generating ventures for long term use. The brand envisions converting the unutilized real estate into A-grade facilities by investing in them and implementing its various models on the properties as per the fitment in terms of size, location, infrastructure, among other things.
The concept is coined by serial entrepreneurs Sudeep Singh and Bhavna Juneja. While the former is an Indian serial entrepreneur with a proven history of coining and building successful business models in real estate and technology, Bhavna comes with hands-on global experience in the real-tech industry from across the USA, Canada, and several countries in Europe. From configuring large office spaces to creating luxurious and efficient residential models, MPowered is a one-stop-shop for expertise in creating real-estate based business models, as well as running and managing day-to-day operations for them. The brand’s diverse portfolio of services and subject-matter experts allows it to Build, Power and Manage spaces that are both dynamic and futuristic.
Around The World