BHIVE Announces $1 Million Investment Commitment For New Fintech Entity

 

BHIVE announced on Friday its fintech entity, BHIVE Investech, has received $1 million investment commitment from a combination of current and fresh investors. According to BHIVE, BHIVE Investech is an asset-light fintech company that aims to democratizing the commercial real estate market by providing shared ownership of large 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.”

While sharing more details about the investment, Shesh Rao Paplikar, Co-Founder and CEO of BHIVE, stated:

“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 – Global CFO of Netmagic Solutions and Current 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 investment funds will be used for team building, technological development, legal, compliance and marketing.

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