Real estate digital amenities provider Reloy has raised Rs 5 crore in a strategic pre-Series A round led by Inflection Point Ventures, Fawkes Fund, family office of Greenpanel & Greenlam, and more than 50 prominent angels.
The funds raised will be used for expanding operations and fine-tuning the product for a commercial launch, said the company in a press release.
Started in 2018 by Akhil Saraf, Reloy is a real estate digital amenities and referral solutions provider. According to the company, it has been working closely with the largest builders to create the perfect home-owning journey through its customer loyalty programs.
Reloy expects to generate sales worth more than Rs 5,000 crore of sales for its current clients in the coming financial year. The company manages approximately 20,000 homebuyers with properties worth Rs 25,000 crore who are going to take possession in the next 4 years.
The company was started as a loyalty platform that catered to enterprises across industries. However, it shifted its focus only to real estate.
