Mumbai, 20th March 2025—Turbostart, a global early-stage venture capital firm and accelerator, has announced a $1 million investment in Lighthouse PropTech as part of a $2.5 million funding round. The Dabur Family Office and several other HNI family offices joined the round, Valuing the company at $13.5 million. The investment will fuel Lighthouse PropTech’s expansion as it builds a technology-driven platform for luxury real estate transactions in India.
India’s luxury real estate market is experiencing unprecedented growth, with the segment expected to cross $100 billion by 2030, growing at a CAGR of 21.81%. In the last five years alone, the share of high-end and ultra-luxury housing sales has doubled, driven by rising HNI wealth, digital-first transactions, and institutional investments. As a result, proptech innovation is accelerating, with India’s proptech sector attracting over $1.5 billion in funding and growing at 15-20% annually.
“India’s luxury real estate boom is being shaped by proptech innovation, and the numbers tell the story – high-end housing sales have doubled in top-tier cities, institutional capital is pouring into real estate technology, and AI-driven purchasing is now mainstream. Lighthouse PropTech is positioned at the heart of this transformation. With 40+ years of combined experience, Sumesh and Murtuza are bringing deep market expertise and a cutting-edge technology-driven vision to a sector that is primed for disruption. We are excited to back their journey as they scale to define the future of luxury real estate,” said Ganesh Raju, Founder of Turbostart Global.
“Luxury real estate is evolving rapidly, and the demand for seamless, tech-powered portfolio management has never been higher. Partnering with Turbostart gives us more than capital – it brings a high-impact ecosystem of strategic expertise, industry connections, and deep technology enablement. This partnership will accelerate our mission to redefine how HNIs and UHNIs buy, sell, and manage real estate in a market set to double in value over the next five years,” said Sumesh Mishra, Founder of Lighthouse PropTech.
Turbostart leads the $2.5 million investment round, joined by the Dabur Family Office and several HNI investors focused on expanding India’s premium real estate technology ecosystem.
