Spintly, a provider of smart building solutions, has raised Rs 3.5 crore in a funding round led by Spyre VC. The funds will be used to enhance market reach, strengthen its leadership team, and further develop its technology offerings.
The funding round also saw participation from Accel India, Chakra Growth Fund, Alumni Ventures, and Doctor Technology, according to a statement by Spyre VC.
Abhimanyu Bisht, Operating Partner at Spyre Proptech VC, commented, “This investment aligns with our mission to drive innovation in the proptech space and marks a milestone in India’s real estate technology sector. With CREDAI as a partner, we aim to support deep-tech proptech companies like Spintly beyond financial backing.”
Spintly plans to use the funding to enhance its market penetration in India and abroad, expand its senior management team, and integrate AI and machine learning into its smart building solutions. Rohin Parkar, Co-founder and CEO of Spintly, noted, “The partnership with Spyre VC and CREDAI enables us to connect with real estate developers across India, furthering our reach in the sector.”
Currently, Spintly’s solutions are deployed across 24 million square feet of real estate, serving over 500,000 users and 500 customers globally. The company had previously raised capital from investors such as Letsventure, Riso Capital, Sucseed Indovation, and Accel Nest. Spintly aims to leverage CREDAI’s network to drive the adoption of IoT and AI in real estate, transforming the industry through modern technology.
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By Proptechbuzz
By Ravi Kumar
