# BroEx

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/broex

- Industry: Internet
- Headquarters: Gurgaon, India
- Website: www.broex.in
- Total disclosed funding: $7.9M
- Latest round: Series B (Feb 26, 2019)
- Investors on record: 8

## About

Based in Gurgaon, India, BroEx operates as a real estate service provider through mobile app and has a network of real estate brokers in India.

The company was founded in 2014 by Indian Institute of Technology (IIT) Alumni Pallav Pandey, Mukul¬ Bhati, Anshul Gupta and Siddharth Singh. The team includes alumni from institutions including IITs (Kanpur, Kharagpur, Bombay, Delhi), IIMs, ISB, DCE, etc. The extended team includes investors Lightspeed Ventures, Pvt. Ltd. and a number of industry veterans who are part of the team as advisors and angle investors. The company raised a seed funding of $1 million from Lightspeed Venture Partners India in 2015.  In 2016, the company raised Series A round of funding of $4.39 million from Lightspeed Venture Partners, Blume Ventures and 5 others. The company acquired real estate technology startup REXPROP or ‘ Real Estate Property Exchange’ in 2015 and an independent broker company Professional Brokers (renamed as FastFox) in 2016 to expand its business.

The company provides mobile application which offers an automated news feed, property search tools, auto-match tools, and a broker network, enabling real estate brokers to connect with each other to network, collaborate and fulfill their business requirements. The news feed offers update from builders on project status and shows current property rates in market. The search properties feature provides an option to search commercial and residential properties, provides information on freshness of listings and provides filter options like Vastu, Facing, Power Backup etc. The feature of Auto match alerts lists all inventories in one place and keepts it updated, allows chats with the interested brokers within the app and allow sharing properties through other platforms like Whatsapp in a single click. The app provides a network of brokers in which the name and contact of the broker is provided.

## Funding rounds

- Series B, Feb 26, 2019, $0.2M — Lightspeed Venture Partners, Blume Ventures
- Series B, Nov 30, 2018, $0.5M — Lightspeed Venture Partners, Blume Ventures
- Series A, Jan 30, 2018, $1.8M — Lightspeed Venture Partners, Blume Ventures, Tekton Ventures, GrowX Ventures, Purvi Capital, WGG International
- Series A, Mar 31, 2016, $4.4M — Lightspeed Venture Partners, Blume Ventures, CyberAgent Capital, Tekton Ventures, GrowX Ventures, Spiral Ventures, WGG International
- Seed, Jul 9, 2015, $1M — Lightspeed Venture Partners

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed, Series A, Series B
- Blume Ventures (https://capitalatlas.ai/funds/blume-ventures) — Series A, Series B
- CyberAgent Capital (https://capitalatlas.ai/funds/cyberagent-capital) — Series A
- Tekton Ventures (https://capitalatlas.ai/funds/tekton-ventures) — Series A
- GrowX Ventures (https://capitalatlas.ai/funds/growx-ventures) — Series A
- Spiral Ventures (https://capitalatlas.ai/funds/spiral-ventures) — Series A
- WGG International (https://capitalatlas.ai/funds/wgg-international) — Series A
- Purvi Capital (https://capitalatlas.ai/funds/purvi-capital) — Series A