AI Proptech startup Hipla raises pre-series A round

To meet the growth in demand from enterprise customers, Hipla Technologies has raised a pre-series A round of USD500,000.

This capital injection will bolster and accelerate Hipla Technologies product distribution for their 360* Facility and EHS(Environment, Health, and Safety) management solution stack, the company said in its release.

Puneet Aggarwal (Multi asset investor), Deepak R.(Real Estate Developer) and other senior professionals from US investment bank and PE fund participated in this round.

Sandeep Kaul, the CEO, said, “Every office and workspace is now looking to accommodate a Hybrid setup. Even before the pandemic, leading facility and admin managers were focussed on digitally transforming their offices and factories. Keeping this in mind, a fullstack, ready to use product that comes with inbuilt workflows has finally provided managers with a solution they can depend on.”

“Hipla has – over the years – carved a special place for Office and Campus automation. We are a one-stop-shop for facility managers, EHS heads and business owners- giving them a consolidated platform to use, analyze and bundle various apps for 360 degree facility, safety and security management.”- Sandeep Kaul said.

He also added “More than 40% of Hipla’s current client base are Fortune 500 companies and our plan is to deploy this capital to fulfil demand and maximise sales effort to effectively distribute our product to those who need it, from manufacturing hubs, office campuses, schools to medical centres and ancillary units.”

Hipla has served a multitude of industries ranging from premier IT parks, leading educational institutions to top-tier realty brands.

Hipla has worked as partners of Cisco, Aruba in India. The company has presence in Mumbai, Kolkata, Delhi, Pune, Bengaluru and Hyderabad.

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