Spaciya Consultants Raises Funds From Angel Investor

NOIDA based, Spaciya Advisors - research led real estate consultancy firm, has raised US$ 0.5 Million in Pre-Series round from angel investor and serial entrepreneur Alok Garg, who is an IIT Roorkee and Thapar Institute alumnus and an investor to many real estate startups in India. Spaciya will utilize the raised capital to expand to newer regions, build its brand through collaborative marketing and make technological advancements. Spaciya, which was started in the year 2016, works entirely 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. Alok Garg, serial entrepreneur and investor has now acquired stake in the start-up to join as a Strategic Investor and take up the role as Director - Operations. On investing in Spaciya, Mr. Garg says, “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 fund raised, Ajit Panda, Founder & CEO, Spaciya Advisors says “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”.