The round was led by Saurabh Srivastava (Founder IAN), Mohit Goyal (Founding Member & Director- IAN) and Ajay Lavakare, (Co-President of Stanford Angels & Entrepreneurs India). With this, Ajay Lavakare will join the board of SmartVizX.
SmartVizX was founded in February 2015 by Gautam Tewari and Tithi Tewari. Both founders are veterans in the space of architecture and design, each with over 15 years of experience. The company builds unique ‘Immersive Technology’ solutions using VR for the real estate and other industries.
SmartVizX aims to help brands and companies do smarter business by implementing virtualisation solutions. Their solutions help brands achieve massive success by enhancing consumer experiences and influence decision-making.
The Virtual Reality market is expected to rise to $150 Bn by 2020, with multiple levels of functionality across sectors.
Investor Ajay Lavakare, said “Virtual Reality is no longer a future dream; it is already one of the biggest technology trends this year. SmartVizX has identified key sectors with immense need for virtualisation and has a head start in developing innovative product applications to meet these needs. The opportunity is immense and the team at SmartVizX is very well positioned to tap it.”