Bhive.fund plans to raise $ 1 million in a pre-Serie A round to fuel its growth. It plans to use the funds to build technology and scale its operations, build a strong investment team, and educate clients on the alternative resource space.
“Nikhil’s return is a great boost for us and a great confirmation for our business model. We already have the terms and commitments for the pre-Serie A round underway, which will end soon, “he said Shesh Rao Paplikarco-founder and chief executive officer (CEO) of Bhive.fund.
The company previously raised funds from and other major investors. Gruhas, co-founded by Kamath and Abhijeet Pai of Puzzolana, is the largest Indian entity focused on proptech. Blume Ventures, now a leading VC company, has several unicorns in its portfolio.
Established in 2021 by Shesh Rao Paplikar, Sandeep Gupta and Monnappa Bayavanda, Bhive.fund claimed to have achieved a market adaptation of the product and achieved $ 1 million in monthly sales. It helps individual investors invest in business opportunities, domestic commercial real estate and international real estate.
In 2021, Bhive.fund collected a seed round from the likes of Madhusudan, cofounder and CEO of KreditBee; Durgesh Kaushik, senior director of Coinbase; Alok Bajpai, CFO of Adani Connex, and others.
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