Lighthouse PropTech, a proptech startup, has secured $2.5 million in funding led by Turbostart, a global early-stage venture capital firm and accelerator, with a $1 million investment. The Dabur Family Office and other HNI family offices also participated in the round, valuing the company at $13.5 million. The funds will be used to expand the company’s technology-driven platform for luxury real estate transactions in India.
Lighthouse PropTech is building a digital platform to transform luxury real estate transactions for high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) by providing a seamless, AI-powered investment experience. The Indian luxury real estate market is experiencing rapid growth, with the segment expected to reach $100 billion by 2030, growing at a CAGR of 21.81%. The proptech industry is also booming, with over $1.5 billion in funding and growth rates of 15-20% annually.
Turbostart’s investment in Lighthouse PropTech highlights the company’s potential to succeed in the rapidly expanding proptech sector. The partnership will enable Lighthouse PropTech to leverage Turbostart’s expertise, connections, and technology enablement to accelerate its mission to redefine how HNIs and UHNIs buy, sell, and manage real estate.
Sumesh Mishra, Founder of Lighthouse PropTech, believes that the partnership with Turbostart will accelerate the company’s vision to create a seamless, tech-powered portfolio management experience for luxury real estate. With the growing demand for innovative solutions in the luxury real estate market, Lighthouse PropTech is well-positioned to capitalize on the opportunity and redefine the industry.