Spaciya Consultants Raises Funds from Angel Investor


New Delhi, India, March 2, 2020- 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”.