New Delhi: September 22nd; Gurugram-based Asset-Management Firm MPowered acquires Cloy Infraa, a two-year old private firm with specialty in Interiors & Design, in a bid to branch out and expand into a diverse portfolio of services under real estate asset-management solutions.The company has been acquired by MPowered along with its entire team strength of 70+ employees, who will now be on the payrolls of the asset-management firm. With this new ace up its sleeve, MPowered endeavours to further its vision of being the one-stop destination for end-to-end solutions in the Asset-Management industry. This acquisition will also serve as a forerunner for MPowered to open up a new vertical of interiors fit-out funding for mid to large-sized corporations who would like to move towards interiors with capital investment.
Speaking of this development, MPowered Founder & CEO Sudeep Singh said, “This acquisition comes as the first of many strategic investments MPowered will be making in small to mid-sized firms that specialise in their respective segment. The idea is to enable these businesses with a strong leadership and adequate funding to upgrade to the next level. At MPowered, our vision is to create a symbiotic ecosystem where on one hand we expand our portfolio of services by acquiring high potential players and building them up and on the other hand also provide these promising young businesses with a platform to expand and grow, by offering a 360-degree enablement.”
“We are very excited to be a part of MPowered’s fold of services and are looking forward to growing the Interiors & Design vertical of the business multifold. This acquisition will help us scale and achieve our full potential as a business under the dynamic leadership of Sudeep Singh ad Bhavna Juneja who have proven their expertise in real estate and asset management not just in India but also globally.”, said Abhinav Gupta, Founder & CEO, Cloy Infraa.
MPowered was founded by serial entrepreneur Sudeep Singh and US-based IT thought leader, serial entrepreneur and investor, Bhavna Juneja, earlier this year. The firm that recently raised USD 21Mn in a pre-series A round from US-based investors, specialises in helping property owners convert their B&C grade properties into income-generating A-grade facilities. From configuring large and medium office spaces based on various proprietary models of shared economy, to designing luxurious and efficient residential models, MPowered is a one-stop destination for Asset Management Solutions for commercial as well as residential properties. In addition to transforming residential and office spaces, Mpowered also helms global concepts such as co-living and co-working. With a plethora of innovative and future-ready concepts designed to benefit a varied range of clients, the brand’s ultimate vision is to enable property owners to make money from their real estate investments. MPowered will cater to a large array of individuals and entities that includes property owners, property brokers, large independent organizations as well as small to mid-sized businesses and Startups. With the combined vision and expertise in Portfolio Management of both Co-Founders, MPowered aims to reinvent the Asset Management industry in India.
About MPowered:
MPowered is a firm that specialises in Asset-Management Solutions, to help property owners convert their real estate liabilities into income-generating assets. The brand’s vision is to enable landlords to maximise their asset value by using its global expertise and knowledge in the space. With the launch of this first-of-its-kind service, Sudeep envisions to help property owners transform their spaces into profit making ventures for long term use. The brand currently offers core innovations that include ‘Mpowered’, ‘Powered by M’ and ‘MGage’.
New Delhi: September 22nd; Gurugram-based Asset-Management Firm MPowered acquires Cloy Infraa, a two-year old private firm with specialty in Interiors & Design, in a bid to branch out and expand into a diverse portfolio of services under real estate asset-management solutions.The company has been acquired by MPowered along with its entire team strength of 70+ employees, who will now be on the payrolls of the asset-management firm. With this new ace up its sleeve, MPowered endeavours to further its vision of being the one-stop destination for end-to-end solutions in the Asset-Management industry. This acquisition will also serve as a forerunner for MPowered to open up a new vertical of interiors fit-out funding for mid to large-sized corporations who would like to move towards interiors with capital investment.
Speaking of this development, MPowered Founder & CEO Sudeep Singh said, “This acquisition comes as the first of many strategic investments MPowered will be making in small to mid-sized firms that specialise in their respective segment. The idea is to enable these businesses with a strong leadership and adequate funding to upgrade to the next level. At MPowered, our vision is to create a symbiotic ecosystem where on one hand we expand our portfolio of services by acquiring high potential players and building them up and on the other hand also provide these promising young businesses with a platform to expand and grow, by offering a 360-degree enablement.”
“We are very excited to be a part of MPowered’s fold of services and are looking forward to growing the Interiors & Design vertical of the business multifold. This acquisition will help us scale and achieve our full potential as a business under the dynamic leadership of Sudeep Singh ad Bhavna Juneja who have proven their expertise in real estate and asset management not just in India but also globally.”, said Abhinav Gupta, Founder & CEO, Cloy Infraa.
MPowered was founded by serial entrepreneur Sudeep Singh and US-based IT thought leader, serial entrepreneur and investor, Bhavna Juneja, earlier this year. The firm that recently raised USD 21Mn in a pre-series A round from US-based investors, specialises in helping property owners convert their B&C grade properties into income-generating A-grade facilities. From configuring large and medium office spaces based on various proprietary models of shared economy, to designing luxurious and efficient residential models, MPowered is a one-stop destination for Asset Management Solutions for commercial as well as residential properties. In addition to transforming residential and office spaces, Mpowered also helms global concepts such as co-living and co-working. With a plethora of innovative and future-ready concepts designed to benefit a varied range of clients, the brand’s ultimate vision is to enable property owners to make money from their real estate investments. MPowered will cater to a large array of individuals and entities that includes property owners, property brokers, large independent organizations as well as small to mid-sized businesses and Startups. With the combined vision and expertise in Portfolio Management of both Co-Founders, MPowered aims to reinvent the Asset Management industry in India.
About MPowered:
MPowered is a firm that specializes in Asset-Management Solutions, to help property owners convert their real estate liabilities into income-generating assets. The brand’s vision is to enable landlords to maximize their asset value by using its global expertise and knowledge in the space. With the launch of this first-of-its-kind service, Sudeep envisions to help property owners transform their spaces into profit-making ventures for long term use. The brand currently offers core innovations that include ‘Mpowered’, ‘Powered by M’ and ‘MGage’.
