Silkhaus, UAE’s PropTech startup, raises $7.7m in a Seed funding round

Silkhaus, UAE’s PropTech startup, raises $7.7m in a Seed funding round

Silkhaus, short-term rentals PropTech startup, raised $7.7 million in a seed funding round. This round witnessed participation from global and regional investors Nuwa Capital, Nordstar, Global Founders Capital, Yuj Ventures, Whiteboard Capital, and VentureSouq.

“We are witnessing a significant increase in alternative accommodation and short-term rentals. However, the management of short-term rentals is highly fragmented and largely offline. Property owners lack the technology and know-how to deliver a world-class and standardized experience. We are building the operating system for property owners, large or small, to operate high-quality short-term rentals and deliver memorable guest experiences. With the backing of our global investors, we are excited to build Silkhaus into a global category leader,” Aahan Bhojani, Founder and CEO of Silkhaus, said.

Silkhaus will use the funds to expand across the Middle East and North Africa region, South Asia, and Southeast Asia. The startup has stated that it has identified a market opportunity of $13 billion and aims to grow it to $18 billion by 2026 across MENA, South Asia, and Southeast Asia.  

Founded in 2021 by Aahan Bhojani and Ashmin Varma, Silkhaus was founded to reimagine accommodation experiences for medium and long-stay travel across high-growth emerging markets.

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