Abhijeet pai, Indian businessperson

Alternative Investments Wealthtech Platform 'BHIVE.fund' has raised strategic investments from Gruhas Proptech, Blume Ventures, and other marquee investors.Gruhas was Co-founded by Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana and is India's largest proptech-focussed entity. Blume Ventures, a leading VC firm in the country today, counts multiple unicorns in its portfolio."Nikhil and Abhijeet are big believers that huge disruptions are possible in the commercial real estate space using technology. While not all investors may understand this space well, Abhijeet comes with a wealth of experience and expertise in the commercial real estate sector, having been involved in many large deals. Nikhil, as we all know, is one of the biggest names in the wealth tech space. We are super excited to have them on board as strategic investors as we are looking to make this into something much much bigger," says Shesh Rao Paplikar, Co-founder & CEO, BHIVE.fund.'BHIVE.fund' was set up in 2021 by Shesh Paplikar, Sandeep Gupta CFA and Monnappa Bayavanda. The platform has already achieved product-market fit and has reached a sales run rate of a million dollars per month. Through the tech-driven platform, they enable individual investors to invest in business opportunities, domestic commercial real estate and international real estate."We invested in 'BHIVE Workspace' through Blume Fund II in 2015. We have been closely working with Shesh and team, and have been witness to the grit and resilience the team has shown through the pandemic. We are excited about 'BHIVE Workspace's' new venture - 'BHIVE.fund'. We continue to believe in the capability of this team to build a robust biz. They have evolved to be solving the current real estate problem and are building a scalable business in an ever-growing commercial real estate market in India," says Sarita Raichura, Vice-President, Blume Ventures."Blume Ventures has always been a very big supporter of us. They were the key investors of our previous startup which is into coworking. By making independent investment into our fintech entity 'BHIVE.fund' they have shown great faith in the founders and the vision we have for the platform," says Shesh."This investment represents a significant milestone towards closing USD 1 million of Pre-Series A. We have term sheets and commitments to the ongoing Pre-Series A round which will be closing soon," said Shesh Paplikar, Co-founder & CEO of 'BHIVE.fund'.The round also saw participation from prominent angel investors including Sreeram Reddy Vanga of Kofluence, Leadsquared Founders Nilesh Patel and Prashant Singh, Kazi Arif Zaman, CFA, Partner at GestAlt Network and former MD of Everstone Capital, Partner of a prominent California VC firm, and NRIs from the US."I have always been a big believer in Commercial Real Estate as an investment class. Technology is disrupting this segment and will bring in more investors through a fractional real estate mechanism. A similar model adopted by 'BHIVE Workspace' to the broader alternative asset class is set to grow big. I am very happy to come in as an investor and join Shesh & team on their journey," expresses Sreeram Reddy Vanga, Investing - Founder, Kofluence.BHIVE.fund had, in 2021, raised a seed round from the likes of Madhusudan, Co-founder & CEO of KreditBee, Durgesh Kaushik, Snapchat India and South Asia Head, Alok Bajpai, CFO, Adani Connex, who has also been a constant mentor and support, and others who confirmed their belief in BHIVE's vision. This US-headquartered company had also seen investment participation from over ten NRI investors in this round.The company intends to utilize these funds for growth. Key usage will be towards building comprehensive technology to scale operations, building a strong investment team, educating customers on alternative asset space, etc.'BHIVE.fund' offers individual investors an opportunity to invest in a safe high-return asset class earlier not available to them like Commercial Real Estate, Business Investments and International Real Estate.These Asset classes offer very good risk adjusted returns and also provide monthly income. The monthly income thus generated allows financial freedom and security to Individual Investors.This story is provided by NewsVoir.will not be responsible in any way for the content of this article. (ANI/NewsVoir)( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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Abhijeet pai, Latest News

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