MPowered, a Gurugram based asset management firm has raised $21 million as a part of their pre-series round led by a group of US-based ultra-rich individuals. They made this with real estate veterans Ashok Nichani and Shelly Nichani leading the ground. The firm will use the funding to invest in real estate verticals such as warehousing, residential and commercial spaces and also develop tech-solutions. Their products including space-as-a-service platform MPowered, Co-working and co-living management platform powered by M, and MGage, a tool to manage work-spaces. The tech-solutions will enable the ease-of-use in day-to-day real estate transactions and the management, Mr. Bhavna Juneja, Co-Founder, of MPowered said that their main 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.”The FOUNDER & CEO of MPowered Mr. Sudeep Sing replied that “ this fund raise 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 different countries including USA, Canada, Germany, Poland, and UK among the others.
The firm is mainly focusing on converting the unutilized real estate into a-grade facilities by investing and implementing them in its various models based upon their properties and the fitment which are in terms of size, location, infrastructure, over the other things. Mr. Ashok Nichani added his viewpoint that MPowered brings to the table end-to-end solutions for landlords and property owners those who may lack the time, knowledge, or skills to put their real estate asset to use it as well and yield high returns on it. MPowered is a one-stop-shop for expertise in Designing, Operations, and also in the area of Management.
Due to the widespread COVID-19, the investors are looking for an alternative asset class other than the commercial offices and the shopping malls. So, the investors are very aggressive in warehousing, because the demand for the high-quality automated facilities for the smooth supply chain processes is now at an all-time high. The company is very much dedicated to create and power ideal spaces from the ground-up based upon the requirement of their clients. Their diverse portfolio of services and subject matter experts allow us to build, power, and manage spaces that are both dynamic and futuristic. Due to the outbreak of the pandemic and the uncertainties, the demand for commercial offices is affected by several startup’s and businesses are looking to scale down their real estate footprints.
