New Delhi, Jan 19 (PTI) Proptech startup Reloy, which is a loyalty platform for homeowners, has raised Rs 5 crore from investors, including Inflection Point Ventures, to expand and grow its business.

The strategic pre-Series A round was led by Inflection Point Ventures, Fawkes Fund, family office of Greenpanel & Greenlam, and 50+ prominent angels, according to a company statement.

“The funds raised will be used for expanding operations and fine tuning the product for a commercial launch,” it said.

Founded by Akhil Sharaf in 2018, Reloy has been working closely with builders to create the perfect home owning journey through their customer loyalty programs.

The startup said it has influenced over Rs 700 crore sales in the real estate industry with clients like Sharpoorji Pallonji, Godrej Properties, Mahindra Lifespaces, Piramal Realty, Gera, K Raheja, Birla Estates and Century Real Estate.

* * * * * *Insuretech platform Finsall raises Rs 12 cr in Pre Series A round Mumbai: Insurance-focused fintech platform Finsall on Wednesday said it has raised Rs 12 crore in a Pre series A round from its existing investors – Unicorn India Ventures (UIV) and SEA Fund, along with other investors.

Last year, the company had raised Rs 2.4 crore, a release said.

The company plans to use the funds for scaling its technology platform, signing new insurance partners with an aim to increase its market share in the Indian insurance premium financing market. It will also be looking to enter into lending partnerships with top banks and NBFCs.

The Bengaluru-based insure-tech startup is engaged in the business of providing access to funds for financing insurance premium through its technology platform. PTI MJH HV MR MR

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