MPowered bags $21mn from a group of US based HNIs

MPowered bags $21mn from a group of US based HNIs
MPowered bags $21mn from a group of US based HNIs

MPowered will use the proceeds to invest in real estate verticals such as warehousing, residential, and commercial space and also develop tech-solutions.

Gurugram based asset management firm MPowered raised $21 million in a pre-series A round, from a group US based HNIs investors. The round is led by serial entrepreneurs Ashok and Shelly Nichani.

MPowered will use the proceeds to invest in real estate verticals such as warehousing, residential, and commercial space and also develop tech-solutions.

Sudeep Singh, Founder and CEO, MPowered, said: “This fundraise will be a great head-start to MPowered'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 countries including USA, Canada, Germany, Poland and the UK among others.”

MPowered specialises in asset-management solutions, to help property owners convert their real estate liabilities into profit-generating ventures either as co-living or co-working spaces, for long term use. The company also has a technology tool, MGage, which is meant to manage workspaces efficiently.

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