Aeria, a revolutionary platform focusing on tenant experience and asset management for commercial real estate, recently secured $1.8 million in pre-seed funding, with prominent contributions from Kalaari Capital, Foundamental, AC Ventures, AL Trust, and other investors.
The brainchild of Priyanka Gera, former co-founder of OxfordCaps, and Piyush Kateja, an IIM alum, Aeria leverages cutting-edge technology and AI to redefine office buildings, elevating them from mere commodities to immersive experiences.
This substantial funding infusion will fuel Aeria’s ambitious expansion plans, aiming to establish a strong presence across Southeast Asia, the Middle East, and other key Asian markets within the next year.
Priyanka Gera, the CEO of Aeria, highlighted the immense potential of the APAC commercial real estate market, estimated at a staggering 52 billion sq ft and growing at a CAGR of 15%. Despite this growth, many property owners still rely on outdated methods for managing facilities and tenants. Aeria’s mission is to disrupt this landscape by introducing technology-driven solutions that enhance operational efficiency and elevate the overall tenant experience.
Aeria’s comprehensive platform integrates a range of cutting-edge technologies to deliver a seamless digital experience. From access and parking management systems to delivery-to-desk services, visitor management solutions, automated complaint resolution, last-mile commute services, F&B integration, move-in assistance, and community management tools—the platform offers a holistic approach to digitizing and automating manual tasks.
One of Aeria’s standout features is its robust analytics suite, empowering developers and asset managers with actionable insights. By leveraging data analytics, stakeholders can optimize financial performance by up to 15%, make informed decisions, and mitigate risks. The platform provides detailed analytics on asset risks, demand forecasting, space management, rental optimization, and tenant segmentation, among other key metrics.
Kalaari Capitals are one of the biggest investors in Aeria
Sampath P, a Partner at Kalaari Capital, emphasized the urgent need for a digital transformation in the post-COVID commercial real estate landscape. The pandemic has underscored the importance of adaptability and technology adoption, especially in a sector characterized by fluctuating demand and supply dynamics.
India’s real estate industry, contributing significantly to the GDP at 7.3%, has historically been slow in embracing technology. However, the tide is turning as venture-backed proptech companies witness a surge in funding. According to Crunchbase data, VC-backed real estate firms raised a record $13.4 billion in 2023, surpassing pre-pandemic levels and signaling a digital renaissance in the sector.
As Aeria continues to innovate and expand its footprint, the future of commercial real estate looks poised for a digital revolution, driven by technology-driven solutions that enhance operational efficiency, tenant satisfaction, and overall industry resilience.
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