Real estate digital amenities provider Reloy raises Rs 5-Cr from IP Ventures, Fawkes Fund, others

Mumbai-based real estate digital amenities provider Reloy has raised INR 5 crore in a pre-Series A round led by Inflection Point Ventures, Fawkes Fund, family office of Greenpanel & Greenlam, and more than 50 angels. The funds will be used for expanding operations and fine-tuning the product for a commercial launch. Started in 2018 by Akhil Saraf, Reloy is a real estate digital amenities and referral solutions provider. Reloy expects to generate sales worth more than INR 5,000 crore of sales for its current clients in the coming financial year. The company manages about 20,000 homebuyers with properties worth INR 25,000 crore who are going to take possession in the next 4 years.