Turbostart led $2.5 M funding raised by proptech startup Lighthouse PropTech
Lighthouse PropTech, a proptech startup, has raised $2.5 million in a fresh funding round. Along with the Dabur Family Office and a number of other HNI family offices, Turbostart led the round with $1 million, valuing the company at $13.5 million.
As it develops a technology-driven platform for luxury real estate transactions in India, Lighthouse said in a press release that the new funding will be used for growth.
Sumesh Mishra founded Lighthouse PropTech with the goal of providing its customers with cutting-edge solutions to effectively manage their portfolios of luxury real estate. Among the company’s products are Luxury Listings, a premium platform that features carefully chosen properties, and Luxury Exclusives, which offers customized experiences and unique real estate opportunities.
A next-generation digital platform that offers a smooth, AI-powered investment experience is being developed by Lighthouse PropTech to revolutionize luxury real estate transactions for HNIs and UHNIs.
India’s luxury real estate market is expanding at a compound annual growth rate (CAGR) of 21.81%, according to market research, and is predicted to reach a value of over $100 billion by 2030.
Turbostart is an international early-stage venture capital firm and accelerator that was founded in 2019. Over the course of five years, Turbostart, which has a global presence in India, the Middle East, the US, and Singapore, has launched five funds and supported more than fifty diverse startups in both different sectors and stages.
