Leading technology-enabled fractional investment platform for commercial real-estate business, Strata backed by SAIF Partners has raised Rs 140 crore from investors to jointly buy three pre-leased warehouses.
The three assets, said to be owned fractionally by the investors, collectively account for 0.7 million sq ft warehousing space.
Of these, Strata Avigna Warehousing I and II located in Hosur of Tamil Nadu received 100 per cent commitment from investors within 42 days of its launch, while the pharmaceutical warehousing asset in Bengaluru, Karnataka, was closed in just seven days.
“We have successfully raised funds for our investment opportunities even in such challenging times, which clearly reflects the pent-up demand and high resilience of the sector and the confidence of our investors in our business model,” said Sudarshan Lodha, Founder, Strata. “I expect 30% growth in warehousing facilities in the backdrop of global supply chains diversifying away from China to India, greater penetration of e-commerce, faster shift to third-party logistics, and companies eyeing higher inventory levels.”
The latest asset listing of Strata witnessed participation from a diversified set of more than 500 investors across high networth individuals (HNIs), family offices, top management from lage companies, retail and institutional among others. Besides, the assets also secured traction from the non-resident Indian community and from investors across tier II towns.
“Avigna is planning on developing multiple industrial and warehousing projects spread over 9 million sq ft in the next five years across seven cities such as Bangalore, Chennai, Hyderabad, etc. We look to strengthening our association with Strata with new projects on the horizon,” said Abhijit Verma, CEO, Avigna Space Industrial & Logistics Park.
Strata’s investment platform allows investors to own and sell fractions of pre-leased, commercial properties such as office spaces, warehouses, etc. and is funded by Mayfield Ventures and Propstack apart from SAIF Partners.
Minimum investments for these pre-leased assets range between Rs 25 – 50 lakh, and the same can be liquidated anytime, while rentals can be received from the first month of investment.