BHIVE introduced on Friday its fintech entity, BHIVE Investech, has obtained $1 million funding dedication from a mix of present and recent buyers. In response to BHIVE, BHIVE Investech is an asset-light fintech firm that goals to democratizing the business actual property market by offering shared possession of huge value properties.
“BHIVE Investech now brings the same opportunity to the Indian Middle Class and HNIs through a data driven tech platform with a highly intuitive investor dashboard allowing for a hassle free investment experience. These investments will not give Fixed Deposit like monthly yields but also the Equity or Mutual Fund like long-term appreciation to retail investors. BHIVE Investech will also provide a seamless diversification mechanism which was not available earlier to the retail investors.”
Whereas sharing extra particulars concerning the funding, Shesh Rao Paplikar, Co-Founder and CEO of BHIVE, said:
“We are overwhelmed by the kind of support we have got from current investors for launching the fintech entity, most of whom are NRIs beyond institutional investors. The FinTech entity will add strong value to the existing business by bringing in the capital for growth while it also creates a lot more value to our existing shareholders.”
Alok Bajpai – International CFO of Netmagic Options and Present investor of BHIVE, added:
“BHIVE Investech is another innovative and interesting concept from the BHIVE family, which not only will solve – through technology platform – many business and commercial space related needs in the community, but will also provide sound financial and investment needs of small and large investors. Just the way BHIVE was conceptualised and then executed ahead of its time as a solution to few office-space related gaps in India, this venture showcases the forward thinking and problem-solving mindset of its founders, particularly Shesh.”
The funding funds will probably be used for group constructing, technological growth, authorized, compliance and advertising.