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Mpowered seeks SEBI approval to set up AIF for retail investors Mpowered, which recently raised $21 million from high-net-worth individuals, helps property owners convert their real estate liabilities into profit-generating ventures. Mpowered is in the process of investing in four assets to create a portfolio across Noida and Gurugram. Gurgram-based asset management startup Mpowered has sought the Securities and Exchange Board of India (SEBI) approval for setting up an alternative investment fund (AIF) which will allow retail investors to invest in commercial real estate for a promised return. The company, which recently raised $21 million from high-net-worth individuals, helps property owners convert their real estate liabilities into profit-generating ventures. ....