Foyr is an online platform providing design and execution service for interior decoration
Bengaluru – Oct 24, 2016. RedNewswire/-
Foyr is an online B2C interior design technology provider and has created an array of technology and products for the real estate and interior design industry.
It has raised an undisclosed amount in Series A funding round from JLL India. Foyr is a technology platform for visualizing real estate spaces. It has developed an in-house B2C interior design technology product which makes use of 3D design and augmented reality. It also offers interior design services for free with a turn around time of 48 hours.
Foyr was founded in 2014 by Shailesh Goswami and Brinda Goswami. The startup currently provides its services in Pune, Hyderabad and Jaipur. It provides users with implementation services which starts at INR 2.5L for a 2BHk and takes up to 45 days for Completion. It claims that it provides sources from reputed manufacturers and vendors across India.
The Indian unit of international property consultant Jones Lang LaSalle (JLL) has set up a new real estate technology investment division to make strategic investments in startups that are developing disruptive technology solutions.
JLL focuses on blockchain technologies, visualization and augmented reality, geographic information systems, sustainable energy, smart city tech applications, property management, data analytics, smart commercial buildings, home automation and IoT.
Anuj Puri, chairman of JLL India said,
“Foyr’s unique technology has global appeal and the advancements they have made in augmented reality and visualization reality are globally competitive and scalable.”
Foyr has raised $660K in Series A funding from Brick Eagle, a Mumbai-based private equity firm that invests in the Indian affordable housing development ecosystem in Feb 2015. Earlier, the startup had raised $1M from Mumbai based Astarc ventures in May 2015.