Mpowered Raised $21 Million in Funding
Gurugram-based asset management firm, MPowered has raised $21 million, as a part of its pre-series A round, from a group of US-based ultra-rich individuals with real estate veterans Ashok Nichani and Shelly Nichani leading the round.
The funding will be used by the firm to take on new verticals of real estate such as warehousing, residential and commercial spaces. A portion of the funding amount will also be used to develop tech-solutions that will enable ease-of-use in day-to-day real estate transactions and management.
The firm aims to convert unutilized real estate into A-grade facilities by investing in them and implementing its various models on the properties as per the fitment in terms of size, location, infrastructure, among other things.
MPowered also has a technology tool, MGage, which is meant to manage work spaces efficiently.