Mobile solutions provider for the real estate sector, Sunday Realty Solutions has raised Rs 5 crore in early-stage funding from a group of investors including Ramesh Jogani and Shailesh Viswanathan, Co-founders of IPAL Fund Managers and Jay Srinivasan, a US-based investor and former head of Global Strategy at Dell.
The raised funds shall be used to propel its expansion plans in 10 cities and for product development, as per Jospeh George, Founder and CEO of the company. “We are currently present in Mumbai and Pune and we will soon roll our our plans for other cities as well”, he said. Adding further, he stated, “With SmartAgent connect, we are enabling agents to leverage technology to meet the expectations of customers. We are committed to changing the way agents are perceived and experienced by customers.”
Sunday Realty, functions from SmartAgent Connect, a platform created exclusively for real estate agents or brokers.
The platform is available as a mobile app and as a website, which allows agents to create their own business networks and close deals in a shorter time-frame. Agents also get unique features like getting their own personalised website and a customer relationship management (CRM).
Sunday Realty has over 20,000 agents with close to 10,000 websites created. The platform also allows builders to connect with agents and has over 75 builders already integrated in Mumbai and Pune.
As per the industry analysis, the market comprises of more than 5 lakh agents playing in the sector, and is estimated to generate revenues close to $5 billion annually, reports ET.