Realty analytics startup QwikSpec raises USD 540,000 for pre-Series A


Founders: Ajith Alexander and Roby Kurien

Founded in: 2015

Financing status: USD 540,000 pre-Series A round in 2017

Construction site operations and analytics platform QwikSpec has raised USD 540,000 for its pre-Series A financing round led by Brigade Innovations. Famous investors such as former Infosys director T.V. Mohandas Pai, Asset Builders director Suhail Rahman, Bobby Reddy of Indus Group, and UAE based private investor M George Oommen also participated in this financing round.

QwikSpec was founded in 2015 by Ajith Alexander and Roby Kurien. Alexander previously worked in Cisco Systems and Limitless LLC, while Kurien had worked in Motorola, Kyocera Wireless and Sirf Technologies.

The Bengaluru-based startup is operated by Xlsys Technologies. The startup provides end-to-end jobsite management and analytics services for the real estate industry. The startup helps developers reduce complexities in large construction projects through automating monitoring and supervising processes. QwikSpec’s clients include Tata Housing, Mahindra Lifespaces, Brigade Group, Mantri Builders, Prestige Group, and Ozone Group.

The startup will use the newly raised investment to increase its technology infrastructure as well as adding to its business development and customer acquisition functions. QwikSpec is also planning to expand to overseas markets such West and Southeast Asia.

(Top photo from Galiano Construction)