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SAIF-backed proptech startup Strata bags INR 140 Cr to invest in warehousing assets

Shortpedia

Content Team
Image Credit: shortpedia

SAIF Partners-backed real estate investment platform Strata has raised INR 140 Cr from investors to jointly buy three pre leased warehouses, which collectively accounts for 700K Mn sq ft warehousing space. The proptech startup highlighted that the asset is expected to offer investors an average rental yield anywhere between 9.5% and 10% year-on-year (YoY) which is higher than other investment opportunities.