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Reloy Raises Rs 7.2 Cr Funding 

Mumbai, June 29, 2023: Reloy, a homeowner loyalty and referral platform for builders raised Rs 7.2 Crore in a pre-series A2 funding round earlier this quarter. The investment will be used to fuel the company’s growth and expansion plans, says a press release issued by the company.

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 had incoming investors of BlueLotus VC, Dream Green Capital and several prominent angels.

“India is now the world’s most populated nation with only the 7th largest land mass. 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 Cr+. 

“We love how deeply he has thought through business-building and value-capture & how Reloy has already created strong network effects. The App Store is one of the best business models we’ve seen in the last 15 years and Reloy is building the Android of real estate”, said UdayArya, Co-founder at BlueLotus Ventures.

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.