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H Bits Appoints Saumil Parekh As Chief Marketing Officer

PRIVATEJun 12, 2024•about 2 years ago

Position

Chief Marketing Officer

Company

hBits

Saumil Parekh

MumbaiReal Estate

Description

Saumil Parekh, with over 12 years of experience in FMCG, IT, and e-commerce sectors, has been appointed as the new Chief Marketing Officer (CMO) at hBits. His role will involve cementing the company's position as a trusted leader in the Proptech space and overseeing marketing activities across all functions.

Company Information

Company

hBits

Location

Mumbai, Maharashtra, India

About

hBits is a fractional ownership platform that combines real estate and technology with the mission of democratizing commercial real estate. The platform enables investors to invest in high-yield, Grade-A assets such as offices, warehouses, and commercial spaces at a ticket size as low as INR 25 lacs. The platform offers an average rental yield of up to 10% with an expected IRR of up to 18%. Founded in 2018, headquartered in Mumbai, hBits group has AUM of approximately INR 365 crore from their 13 existing properties. Additionally, they have garnered more than 100K+ registered users and have achieved a successful exit from a commercial property yielding an industry best IRR of 17.54%.

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