Construction Industry News
White Lotus Group has successfully completed a financing round of Rs 150 million. Led by Dubai-based Luxe Port Group of Companies, White Lotus Group, founded by Pavan Kumar, an alumnus of the Indian Institute of Technology (IIT) Madras, caters to an elite client base of successful startup founders and CXO of large companies. White Lotus takes pride in its portfolio, with unit prices starting from Rs 5 million.
The capital raised in this funding round will build an ongoing portfolio of 2.5 million sq ft custom luxury projects, strengthen the brand's presence in Bengaluru and expand to similar regions of Hyderabad, Pune, Chennai and other major cities . These funds will also be used for innovation in technology and sustainability, further strengthening the leadership team.
“This financing serves as a catalyst in our journey and allows us to replicate and scale our success in the bespoke luxury segment. By doing this, we are on our way to creating life-long experiences,” said Pavan Kumar, Founder and CEO, White Lotus Group.
Padma Kumar, MD and Chairman of Luxe Port Group, and lead investor, said: “White Lotus Group has emerged as a natural long-term strategic partner in the luxury real estate sector. We are excited to join forces with Pavan, a serial entrepreneur with IIT experience and a proven track record in delivering custom luxury projects with his energetic team, which seemed like a natural fit.”
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