The Indian Wire » Startups » Norwest Venture Partners invests ₹56 cr in Mumbai-based realty consultancy SILA
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Norwest Venture Partners invests ₹56 cr in Mumbai-based realty consultancy SILA

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SILA, a real estate consultant to businesses with small and medium enterprises, based out of Mumbai, has secured ₹56 crore from growth equity firm Norwest Venture Partners.

“SILA has built strong leadership and very positive client recall in the industry. Through the use of technology and SOPs, SILA is executing with a differentiated approach to capture the very large services market opportunity in India,” Shiv Chaudhary, managing director, Norwest Venture Partners, said.

SILA was founded by Sahil Vora and Rishabh Vora in 2010. The company’s services include project advisory, interior design and facility management services.

Norwest Venture Partners, on the other hand, was founded in 1961. The US-based firm is a venture and growth equity investment company with more than $7.5 billion (approx ₹53 crore) in capital under management.

Over the last few years, SILA has efficiently scaled, with operations in 75+ cities, 6000+ employees and a client base of multiple Fortune 500 companies, as per the company’s website.

The platform has experience in various sectors within Real Estate and a diverse client base of large Corporates, Real Estate funds, Landowners and Developers gives our platform the ability to provide in-depth analysis, strategy and execution for Real Estate.

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