NEW DELHI: Real estate and asset management platform Aeria on Tuesday said it has secured $1.8 million in pre-seed funding led by Kalaari Capital and Foundamental along with AC Ventures, AL Trust and several others.
The company will use the capital to expand its presence and AI-enabled solutions across Southeast Asia, Middle East and other Asian countries over the next year.
"Commercial real estate in APAC is estimated at 52 billion square feet, expanding at a CAGR of 15 per cent. However, most owners currently rely on traditional methods to manage facilities and tenants, " said Priyanka Gera, Founder and CEO at Aeria.
"We aim to use technology to transform this experience and bring in efficiency to the owner's operations, " Gera added.
To address this problem of fragmented infrastructure, Aeria offers a comprehensive solution integrated with multiple technologies to create engaging digital experience in one app to manage operations by digitising and automating manual tasks.
Developers and asset managers can look-into Aeria’s detailed analytics suite to improve financial performance up to 15 per cent as they make data-driven decisions.
"In an environment of digital disruption and technology, focus on improving tenant and visitor experiences is not an option. It is mission-critical. We believe that commercial real-estate is going to get a massive digital upgrade, " said Sampath P, Partner at Kalaari Capital.
Real estate is one of the largest industries in India contributing to about 7.3 per cent of the GDP.