Turbostart Leads $2.5M Round in Lighthouse PropTech with Dabur Family Office & Other Investors
Turbostart, a global early-stage venture capital firm and accelerator, has announced a $1 million investment in Lighthouse PropTech as part of a $2.5 million funding round. The Dabur Family Office and several other high-net-worth individual (HNI) family offices participated in the round, valuing the company at $13.5 million. The investment aims to support Lighthouse PropTech’s expansion as it develops a technology-driven platform for luxury real estate transactions in India.
India’s luxury real estate market is growing, with the segment expected to exceed $100 billion by 2030, growing at a CAGR of 21.81%. In the last five years, the share of high-end and ultra-luxury housing sales has doubled due to increasing HNI wealth, digital transactions, and institutional investments. As a result, proptech innovation is expanding, with India’s proptech sector attracting over $1.5 billion in funding and growing at 15-20% annually.
"India’s luxury real estate boom is being shaped by proptech innovation, and the numbers tell the story - high-end housing sales have doubled in top-tier cities, institutional capital is pouring into real estate technology, and AI-driven purchasing is now mainstream. Lighthouse PropTech is positioned at the heart of this transformation. With 40+ years of combined experience, Sumesh and Murtuza are bringing deep market expertise and a cutting-edge technology-driven vision to a sector that is primed for disruption. We are excited to back their journey as they scale to define the future of luxury real estate," said Ganesh Raju, Founder of Turbostart Global.
"Luxury real estate is evolving rapidly, and the demand for seamless, tech-powered portfolio management has never been higher. Partnering with Turbostart gives us more than capital - it brings a high-impact ecosystem of strategic expertise, industry connections, and deep technology enablement. This partnership will accelerate our mission to redefine how HNIs and UHNIs buy, sell, and manage real estate in a market set to double in value over the next five years," said Sumesh Mishra, Founder of Lighthouse PropTech.
Turbostart leads the $2.5 million investment round, joined by the Dabur Family Office and several HNI investors focused on expanding India’s premium real estate technology ecosystem. Lighthouse PropTech plans to utilize the funds to enhance its platform and expand its market presence. The luxury real estate sector is witnessing increased digital adoption, and the company aims to streamline property transactions through technology-driven solutions.
With the growth of HNI and UHNI investment in real estate, companies like Lighthouse PropTech are working to meet the demand for advanced portfolio management and transaction platforms. The investment by Turbostart and other investors reflects confidence in the sector’s potential and the role of proptech in shaping the future of real estate transactions in India.
