hBits raises Rs 40 crore in Series A funding to finance growth plans

hBits, which facilitates fractional ownership of commercial real estate, has raised Rs 40 crore from investors to fund growth plan.

In a statement on Wednesday, hBits said it has raised Rs 40 crore in its Series A funding round from Capricon Realty Private Ltd, an entity of Thackersey Group.

The funds will be used to enhance hBits’ AI-driven technology platform, expand its geographical presence, and bring curated, high-value investment opportunities to a wider audience, it added.