Aeria, a tenant experience and asset management platform for commercial real estate, has raised $1.8 million in pre-seed funding led by Kalaari Capital and Foundamental along with AC Ventures, AL Trust among others, according to ETtech report.
Founded by former co-founder of OxfordCaps, Priyanka Gera accompanied by IIM alum Piyush Kateja, Aeria uses technology and AI to transform the office buildings from a commodity to an experience.
With the heightened technology adoption with real estate players and increased GenZ participation in workforce, the workplace has evolved from a commodity to a service and now to an experience.
The company will use the capital to expand its presence across Southeast Asia, Middle East and other Asian countries over the next year.
“Commercial real estate in APAC is estimated at 52 billion sq ft, expanding at CAGR of 15%. However, most owners currently rely on traditional methods to manage facilities and tenants. We aim to use technology to transform this experience and bring in efficiency to the owner’s operations,” said Priyanka Gera, founder and CEO at Aeria.
“The real estate post-COVID world must evolve, especially the lack of predictability in demand and supply since 2020 in the commercial real estate sector. We believe that commercial real-estate is going to get a massive digital upgrade,” said Sampath P, Partner at Kalaari Capital.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.