The funding round was led by four investors from the previous round along with several other prominent angels. It had raised Rs 5.9 crore last February. The current round saw participation from all the existing investors and have incoming investors of BlueLotus VC, Dream Green Capital and several prominent angels.
“We need our builders to create the largest cities the world has ever seen. It’s time we empowered good builders with our referrals. Our solution streamlines the post-purchase journey that homeowners have with builders and rewards them with benefits across ancillary requirements of home interiors and home finance,” said Akhil Saraf, Founder & CEO of Reloy.
The platform manages over 1.4 lakh apartments coming up for possession, valued at Rs 1.3 lakh crore. It bas partnered with Godrej Properties, DLF, M3M, Shapoorji Pallonji Real Estate, Kolte Patil, Embassy Residential, Mahindra Lifespaces, K Raheja Corp, Brigade, Piramal, Rohan Builders, L&T Realty, Arvind Smartspaces, Smartworld, JP Infra, BPTP, Purti Realty to name a few.
Reloy helps homeowners to ease out document management, construction tracking, payments and tickets but also creates a marketplace for other connected needs of home interiors and home finance.
With this funding, Reloy will be able to accelerate its growth plans and establish itself as the default housing operating system that consumers can come to expect with their homes.
