Sunday Realty Solutions (formerly Sunday Mobility) has raised Rs 5 crore in early stage funding. The funds will be used for marketing, product enhancement, and expansion across 10 cities
The investors include Ramesh Jogani and Shailesh Viswanathan, co-founders of IPAL Fund Managers (a real estate fund), and Jay Srinivasan, a US-based investor and a former head of Global Strategy at Dell.
Sunday Realty operates SmartAgent Connect, a business platform exclusively for real estate agents. It launched its operations pan-India three months ago.
The platform is available as a mobile App and as a website. It allows agents to create their own business networks and close deals in a shorter timeframe. Agents also get features such as a personalised website and a CRM.
It has over 20,000 agents across India 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.
“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,” said Joseph George, Founder & CEO, Sunday Realty.
“We believe that agents are here to stay and any platform that enables them to service customers better has great potential. The SmartAgent team with its operational experience and technology background is poised to achieve that," said Ramesh Jogani.
With over 5 lakh agents, the unorganised sector is estimated to generate revenues of close to $5 billion annually. Various online players are focused on being part of this market by offering services that replace the agent.