MPowered funding: MPowered raises $21 million from group of US-based HNIs

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BENGALURU: Gurgaon-based asset management firm, MPowered has raised $21 million in a pre-series A round, from 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.

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