About hBits
hBits is a company based in Mumbai (India) founded in 2018 by Samir Bhandari and Shiv Parekh.. hBits has raised $8.38 million across 6 funding rounds from investors including StarAgri, InCred Capital and LetsVenture. The company has 1 employees as of April 08, 2024. hBits offers products and services including SM REITs Platform and Fractional Ownership Service. hBits operates in a competitive market with competitors including Bhive Alts, PropCoin, WiseX, MYRE Capital and Winvest, among others.
- Headquarter Mumbai, India
- Employees 1 as on 08 Apr, 2024
- Founders Samir Bhandari, Shiv Parekh
- Stage Minicorn
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Hbits Investment Management Private Limited
- Date of Incorporation 19 Sep, 2022
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$-82.76 K (USD)0as on Mar 31, 2023
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EBITDA
$-110.35 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$8.38 M (USD)
in 6 rounds
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Latest Funding Round
$4.66 M (USD), Series A
Jan 08, 2025
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Investors
StarAgri
& 77 more
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Employee Count
1
as on Apr 08, 2024
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Products & Services of hBits
hBits offers a comprehensive portfolio of products and services, including SM REITs Platform and Fractional Ownership Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables fractional ownership of commercial real estate assets.
Facilitates investment in pre-leased properties with monthly income.
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Funding Insights of hBits
hBits has successfully raised a total of $8.38M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $4.66 million completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series A — $4.7M
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First Round
First Round
(24 Mar 2020)
- Investors Count 78
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Series A - hBits | Valuation |
investors |
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| Nov, 2022 | Amount | Angel Round - hBits | Valuation | Sumit Grover |
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| Oct, 2022 | Amount | Angel Round - hBits | Valuation | Vrugavd Karkhanis , Sumit Grover |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in hBits
hBits has secured backing from 78 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include StarAgri, InCred Capital and LetsVenture. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital firm investing in India
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Founded Year | Domain | Location | |
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Private debt firm
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Founded Year | Domain | Location | |
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Multi-asset family office investing across sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by hBits
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - hBits
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hbits Comparisons
Competitors of hBits
hBits operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bhive Alts, PropCoin, WiseX, MYRE Capital and Winvest, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Alternative investment platform for commercial real estate investments
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| domain | founded_year | HQ Location |
Fractional real estate investments are facilitated for individual users.
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| domain | founded_year | HQ Location |
An alternative investments platform for commercial real estate opportunities.
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| domain | founded_year | HQ Location |
Fractional investment platform for real estate investors
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| domain | founded_year | HQ Location |
Online real estate co-investment platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hbits
Frequently Asked Questions about hBits
When was hBits founded?
hBits was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is hBits located?
hBits is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of hBits?
Shiv Parekh is the current CEO of hBits. They have also founded this company.
Is hBits a funded company?
hBits is a funded company, having raised a total of $8.38M across 6 funding rounds to date. The company's 1st funding round was a Angel Round of $350.81K, raised on Mar 24, 2020.
How many employees does hBits have?
As of Apr 08, 2024, the latest employee count at hBits is 1.
What does hBits do?
hBits was founded in 2018 in Mumbai, India, as an online platform for fractional ownership in commercial real estate. Properties matching investor criteria are selected, and fractional purchases are initiated through the platform. Rent collection, property maintenance, and re-leasing processes are managed for users. Operations focus on the Indian commercial real estate sector, supporting investors in diversified asset ownership.
Who are the top competitors of hBits?
hBits's top competitors include Bhive Alts, Winvest and PropCoin.
What products or services does hBits offer?
hBits offers SM REITs Platform and Fractional Ownership Service.
Who are hBits's investors?
hBits has 78 investors. Key investors include StarAgri, InCred Capital, LetsVenture, Shree Naman Group, and Patni Financial Advisors.
What is hBits's valuation?
The valuation of hBits is $12.32M as of May 2022.