ⓘ Featured image details: Spaciya Advisors’ founder, Ajit Panda
Noida-based Spaciya Advisors, a research-led real estate consultancy firm today announced about its Pre-Series funding round raised from the angel investor and serial entrepreneur Alok Garg who has a portfolio of investments in several real estate startups in India. The amount raised has not been disclosed yet.
Under this investment, Garg has acquired a stake in Spaciya as a strategic investor and taken up the role as the Director of Operations.
Spaciya in a statement today said that the company will deploy the funds for expansion in new regions, collaborative marketing and technological advancements.
Started in 2016, Spaciya leverages data analytics, research & market intelligence to deeply ascertain the real estate market trends, demand and requirements. The company has also introduced an office lease SPY REPORT which is tailored for startups and corporates to assimilate deep information and make informative decision-making before leasing or purchasing a new office or space. The company through its transactional services arm also enables companies to execute the transactions.
Commenting over the funding round, Alok Garg said…
“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”.
Talking about the funding round and sharing plans for the utilisation of funds, Ajit Panda, Founder & CEO of Spaciya said…
“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”.