• Chethan Machaknur

MPowered raised $21 mn from group of US-based HNIs

Updated: Jul 21

Gurgaon-based asset management firm, MPowered raised $21 mn in pre-series A round, from a group of US-based HNIs investors, Ashok Nichani and Shelly Nichani.The company aims to use the fund to invest in real estate verticals such as warehousing, residential and commercial spaces and also develop tech-solutions.

"This fundraise will be a great head start to our firm’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 around the world,” said Sudeep Singh, Founder & CEO, MPowered.

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