[Funding alert] Tech Startup FOIP Secures Rs 23 Crore in Funding

Fractional Ownership Investment Platform (FOIP) has secured Rs 23 crore for workspace in Gurgaon’s NEO Square.

FOIP raised capital for their 18,000-square-foot workplace through a group of HNI investors in an entire deal.

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The funds that have been raised comes from block investors’ last-mile investments. In Sector 109, Gurgaon, there is a commercial project called NEO Square, as reported by The Economic Times.

“The aim is to democratize access to value assets with a smaller ticket size with better return. We are looking for only 100 crore investment raise in the first year of our operations. We hope to meet our target with more value deals soon,” said Aankush Ahuja, CEO and Founder of FOIP.

“FOIP has helped us in reaching out to right investors in a quick span and achieved the agreed numbers. We hopefully will be able to meet our commitments and generate value for existing investors in the project,” said Anand Anand, CEO, NEO Square.

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About FOIP

FOIP is a platform that offers value opportunities for fractional ownership of land, residential property, and commercial property.