New Delhi: Real estate consultancy firm Spaciya Advisors has raised Rs 3.5 crore in pre-series round from angel investor and serial entrepreneur Alok Garg, an investor to many real estate startups in the country.
Spaciya will use the money to expand to new geographies, technological advancements and building its brand, it said in a statement.
“The raised fund will be utilized to expand our existing market reach from Delhi and NCR to Mumbai, Hyderabad and other parts of the country, team expansion with regional expertise and branding and marketing. We will also focus on the technological advancements to make our platform AI powered which will improve online customer experience, loyalty and brand reputation,” said Ajit Panda, Founder and CEO, Spaciya Advisors.
Alok Garg, an IIT Roorkee and Thapar Institute alumnus, has now acquired an undisclosed stake in Spaciya and will join the firm as Director – Operations.
“We are reinforcing our commitment to the Indian startup ecosystem and my primary focus is the Indian real estate startup domain as it is one of the most growing sectors in our country. Investing in a Spaciya, which is in the progressive phase to transform the commercial real estate leasing landscape in India will ascertain the growth of the segment to the next level,” said Garg.
Started in 2016, Spaciya works on data analytics, research and market intelligence. The market intelligence has helped the company to introduce the office lease SPY REPORT which is custom-tailored for any start-up or corporate to know the inside information before they decide to take a new office. Spaciya’s transactional services arm enables the companies to execute the transactions.