# Strata Property Management Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/strata-property-management-private

- Industry: Real Estate Development & Operating Companies
- Headquarters: Bangalore, India
- Website: www.strataprop.com
- Total disclosed funding: $7M
- Latest round: Series A (Jun 18, 2021)
- Investors on record: 8

## About

Strata Property Management Private Limited specializes in providing comprehensive property management solutions, leveraging technology to enhance operational efficiency and improve client experiences across various sectors.Founded in 2019, Strata Property Management Private Limited operates out of Bangalore, India, providing property management services. The company has engaged in three notable deals, with the most recent on June 18, 2021, during which it raised INR 405.20 million in a Series A funding round co-led by Kotak Investment Advisors Limited and Gruhas Proptech, among others. The founders, Priyanka Rathore and Sudarshan Lodha, bring valuable industry experience to the firm. To date, the company has achieved a total amount raised of INR 405.20 million and has a current valuation of INR 1505.102 million.Strata Property Management Private Limited's offerings focus on innovative technology solutions aimed at optimizing operational efficiency and user experience in property management. Their software platform integrates with existing business systems, enabling real-time data analysis and enhanced decision-making. The platform targets the property management sector, addressing common challenges such as data silos and workflow inefficiencies. Since its launch in 2021, the platform has seen rapid adoption among various clients, including mid-sized enterprises and larger corporations in regions like North America and Europe, who benefit from a tailored approach to their specific needs.For the most recent fiscal year 2023, Strata Property Management Private Limited reported revenue of INR 1,931,655.50 and an EBITDA of INR -1,379,894.60. The company generates revenue primarily through a subscription-based model, fostering long-term client relationships by providing ongoing support and regular updates. They also collaborate with industry-specific wholesalers, integrating their software into broader offerings, and utilize a tiered pricing structure based on user count and service level, aligning their packages with client operational requirements.Following the Series A funding round in June 2021, Strata Property Management Private Limited intends to aggressively expand its operations, targeting an increase in assets under management from approximately INR 330 million to INR 1,500 million by FY21-22. The recent funding will be instrumental in facilitating this growth, supporting the development of new products aimed at enhancing service offerings and potentially entering new geographic markets. While specific new product launches have not been disclosed, the company remains focused on leveraging its technological capabilities to broaden its market reach.

## Funding rounds

- Series A, Jun 18, 2021, $5.5M — Mayfield Fund, Kotak Alternate Asset Managers, Sabre Partners, Elevation Capital, Gemba Capital, Vistra ITCL, Gruhas Proptech
- Seed, Mar 5, 2020, $1.5M — Mayfield Fund, Elevation Capital, Propstack Services Private Limited

## Investors

- Mayfield Fund (https://capitalatlas.ai/funds/mayfield-fund) — Seed, Series A
- Elevation Capital — Seed, Series A
- Propstack Services Private Limited — Seed
- Kotak Alternate Asset Managers (https://capitalatlas.ai/funds/kotak-alternate-asset-managers) — Series A
- Sabre Partners (https://capitalatlas.ai/funds/sabre-partners) — Series A
- Gemba Capital (https://capitalatlas.ai/funds/gemba-capital) — Series A
- Vistra ITCL — Series A
- Gruhas Proptech (https://capitalatlas.ai/funds/gruhas-proptech) — Series A