VC Fund Investments
Real estate referral platform Reloy raises Rs.7.2 Cr
Reloy, a Mumbai-headquartered homeowner loyalty and referral platform for builders, has raised INR 7.2 crore in a pre-series A2 funding round. The round saw participation from all the existing investors New investors in the round include BlueLotus VC, Dream Green Capital as well as angels. The funds will be used to fuel the company's growth and expansion. The firm had raised INR 5.9 crore last February. Reloy helps homeowners to ease out document management, construction tracking, and payments. It also creates a marketplace for connected needs of home interiors and home finance. The platform claims to have 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, among others.
From the Venture Intelligence PE-VC Deal Database: Between Mar-22 and Apr-23, Reloy had raised over INR 2.6 Cr from HDFC Capital Advisors. In Nov 2021, Reloy had raised INR 5 crore from investors in a pre-Series-A round, led by Inflection Point Ventures, Fawkes Fund, the family office of Greenpanel & Greenlam, and over 50 angels.
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