A real estate consultancy firm, Spaciya Advisors, has raised Rs 3.6 crore in the pre-series round from an angel investor and Alok Garg, an entrepreneur. The company plans to expand its reach to Hyderabad and Mumbai among other cities.
According to an official statement by Ajit Panda, founder and CEO of Spaciya Advisors, said that the company is planning its focus towards technological advancements to make the platform Artificial Intelligence-powered thereby improving online customer experience, brand reputation and loyalty.
“The funds will be used to multiply our prevailing market reach from Delhi NCR to Hyderabad, Mumbai and other parts of the country, team expansion with regional expertise, branding and marketing”, he added.
Entrepreneur and investor, Mr. Alok Garg, has now obtained stake in the start-up firm to be identified as a strategic investor and take up the role as Director – Operations. The start-up will use the fresh capital to expand to newer regions, build its brand through collaborative marketing and make technological advancements.
Spaciya is a commercial leasing consultancy firm that combines local expertise with market report to deliver top-quality results to tenants. It started operating in the year 2016 and focuses on data analytics, research and market intelligence. Spaciya Advisors is among the leading real estate consultancy firms, which deals in business to business commercial real estate segment – office and retail spaces, factories, warehouses, with professional delivery and provincial expertise.
“We are strengthening our collaboration to the Indian start-up network and my main focus is on the Indian real estate start-up sphere as it is one of the most growing sectors in our country,” said Alok Garg, a serial entrepreneur and investor. With Spaciya being in the progressive phase of transforming commercial real estate leasing landscape, investing in the firm will ascertain the growth of the segment to the next level, he added.