Lighthouse PropTech, co-founded by Sumesh Mishra and Murtuza Vapiwala, has raised $2.5 million in a new funding round. The investment was led by Turbostart, alongside participation from the Dabur Family Office and other high-net-worth individuals. The funding will support the company’s mission to streamline luxury real estate transactions in India through its AI-powered platform.
Key Details:
- Funding Amount: $2.5 million
- Lead Investor: Turbostart (contributed $1 million)
- Other Investors: Dabur Family Office and various HNI investors
- Company Valuation: $13.5 million post-funding
- Use of Funds: Expand AI-driven capabilities, scale operations, and enhance platform technology
- Market Insight: India’s luxury real estate market is projected to exceed $100 billion by 2030, growing at a CAGR of over 21%
Founders' Background:
- Sumesh Mishra is a seasoned entrepreneur with over two decades of experience in real estate and technology. He has held leadership roles in business development and has a track record of launching innovative property solutions.
- Murtuza Vapiwala brings 20 years of branding expertise, with a significant focus on real estate marketing. His strategic vision and design-led approach have been central to Lighthouse’s brand positioning.
Funding Details:
In March 2025, Lighthouse PropTech completed a $2.5 million funding round. Turbostart led the round with a $1 million investment, joined by the Dabur Family Office and several high-net-worth individuals. The funds will be used to advance the platform's technological capabilities and expand its footprint in the premium property market.