MPowered, a Gurugram-based asset management firm, announced that it has raised a $21 million pre-series A funding round led by a group of US-based HNIs investors. The round is led by serial entrepreneurs Ashok and Shelly Nichani.
The funding will be used by the firm to invest in real estate verticals such as warehousing, residential and commercial spaces and also develop tech-solutions.
“This fundraise will be a great head start to our firm’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 around the world,” said Sudeep Singh, Founder & CEO, MPowered.
Earlier this year, GoWork Ex-CEO, Singh launched MPowered to help property owners convert their real estate liabilities into income-generating assets.
“Our vision is to power real estate with technology every step of the way, with the latter being at the front and center of our concepts and operations,” Bhavna Juneja, Co-Founder, MPowered said.
“We are dedicated to Create and Power ideal spaces from the ground-up, based on the requirement of our clients. Our diverse portfolio of services and subject matter experts allows us to Build, Power and Manage spaces that are both dynamic and futuristic,” according to the Company’s LinkedIn page.
MPowered as a concept is coined by serial entrepreneurs with hands-on global experience in the real-tech industry from across USA, Canada and several countries in Europe. From configuring large office spaces to designing luxurious and efficient residential models, MPowered is a one-stop shop for expertise in Design, Operations, and Management.
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