Zerodha Co-founder Nikhil Kamath Backs WealthTech Startup BHIVE.fund
Wealthtech platform BHIVE.fund has raised strategic investments from Gruhas Proptech, Blume Ventures, and other marquee investors.
Prominent angel investors, including Sreeram Reddy Vanga of Kofluence and Leadsquared founders Nilesh Patel and Prashant Singh, also participated in the funding round.
The startup plans to leverage the funds for building comprehensive technology to scale operations, building a strong investment team, and educating customers on the alternative asset space.
BHIVE.fund | Democratizing Investments In Commercial Real Estate
Started by Shesh Rao Paplikar, Sandeep Gupta, and Monnappa Bayavanda, BHIVE.fund offers individual investors an opportunity to invest in a safe high-return asset class earlier not available to them like commercial real estate, business investments and international real estate.
It provides retail investors access to institutional quality Real Estate which was previously accessible only by Private Equity funds and offers these opportunities as a cash flow instrument which helps investors diversify their portfolio.
Speaking about the development, Shesh Rao Paplikar, Co-founder and CEO of BHIVE.fund, said,
“Kamath brothers are the most successful & the biggest inspiration for all of us in the startup ecosystem. They command the highest respect in the industry. Having Nikhil back us at this stage is a big boost for us and a great validation for our business model.“
“This investment represents a significant milestone towards closing $1 million of Pre-series A. We have term sheets and commitments to the ongoing Pre-series A round which will be closing soon.”
As per the wealthtech platform, it has already achieved product-market fit and has reached a sales run-rate of a million dollars per month.
Co-founded by Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana, Gruhas is India’s largest proptech-focussed entity. In 2022, Gruhas has invested in several startups, including Zapkey (a proptech startup and home sales guarantee platform), D2C meat and seafood brand Licious, and drone startup Omnipresent Robot Tech.
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