InCred Capital: Fractional Ownership Startup hBits Raises INR 20 Cr

The fractional ownership platform will use the funding to expand footprint, scale up customer acquisition and ramp up acquisition of new assets. Founded in 2019 by Shiv Parekh, hBits focuses primarily on the fractional ownership market and allows users to invest in Grade A pre-Leased property. The fractional ownership model allows users to pool their money and invest in assets without high risk exposure and without a huge financial undertaking. hBits CEO Parekh continues to be bullish about the startup's addressable market and the overall fractional ownership space. "Fractional ownership is gaining momentum with new players joining the band.