Reloy Boosts FY24 Revenue by 65% with Real Estate Solutions

Introduction to Reloy

Reloy is a proptech company transforming real estate transactions and management through automation, advanced analytics, and user-friendly platforms.

FY24 Financial Performance

Backed by HDFC Capital, Reloy saw a 65% revenue increase to Rs 21 crore in FY24, up from Rs 12.7 crore in FY23, driven by higher referral sales and client acquisitions.

Referral Sales Growth

Reloy facilitated Rs 1,450 crore worth of referral sales in the last fiscal year, aiming to generate Rs 3,500 crore in the current fiscal year through builder and broker management tools.

Investment and Funding

Reloy has raised Rs 13 crore from investors, including HDFC Capital, which holds a 10% stake. The company secured Rs 7.2 crore last year and Rs 5.9 crore in February 2022.

Clientele and Services

Reloy's clients include top builders like Godrej Properties, Brigade, and DLF. The company aids homeowners with construction tracking, document management, payments, and home-related needs.

Tech Integration in Real Estate

Reloy launched "Connectre 4.0," an updated referral software enabling seamless home-buying experiences from site visit to possession, enhancing user loyalty and recommendations.

Market Impact

Reloy's tech solutions aim to boost efficiency and transparency in the real estate sector, traditionally slow to adopt technology, thus gaining the confidence of investors and builders.

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