About BroEx
BroEx is a company based in Gurugram (India) founded in 2014 by Mukul Kumar Bhati, Anshul Gupta, and Siddharth Prakash Singh. It operates as a B2B. BroEx has raised $4.22 million across 2 funding rounds from investors including Lightspeed Venture Partners, Blume Ventures and CyberAgent Capital. The company has 2 employees as of March 31, 2022. BroEx has completed 1 acquisition, including Rexprop. BroEx operates in a competitive market with competitors including Courted, Resaas, Spini, Oku Tech and PlaBro, among others.
- Headquarter Gurugram, India
- Employees 2 as on 31 Mar, 2022
- Founders Mukul Kumar Bhati, Anshul Gupta, Siddharth Prakash Singh
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Sectors
Real Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Oku Tech Private Limited
- Date of Incorporation 13 Nov, 2014
- Jurisdiction Gurgaon, Haryana, India
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Annual Revenue
$0.09 (USD)-100as on Mar 31, 2022
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Net Profit
$-0.19 (USD)100as on Mar 31, 2022
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EBITDA
$-0.22 (USD)100as on Mar 31, 2022
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Total Equity Funding
$4.22 M (USD)
in 2 rounds
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Latest Funding Round
$3.22 M (USD), Series A
Jun 06, 2016
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Investors
Lightspeed Venture Partners
& 4 more
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Employee Count
2
as on Mar 31, 2022
- Investments & Acquisitions
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Funding Insights of BroEx
BroEx has successfully raised a total of $4.22M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.22 million completed in June 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $3.2M
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First Round
First Round
(24 Jul 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Series A - BroEx | Valuation | Lightspeed Venture Partners | |
| Jul, 2015 | Amount | Seed - BroEx | Valuation | Lightspeed Venture Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BroEx
BroEx has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, Blume Ventures and CyberAgent Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
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Investments in tech startups are provided by CyberAgent Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BroEx
BroEx has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Rexprop. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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A mobile app for real estate brokers to list inventory and communicate efficiently with peers.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - BroEx
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Broex Comparisons
Competitors of BroEx
BroEx operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Courted, Resaas, Spini, Oku Tech and PlaBro, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Real estate professionals are connected via app and SaaS network.
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| domain | founded_year | HQ Location |
Provider of subscription-driven real estate agent network and technology platform
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| domain | founded_year | HQ Location |
Leads for sales professionals are connected through a mobile app.
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| domain | founded_year | HQ Location |
Online platform for buying, renting, and selling residential and commercial properties
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| domain | founded_year | HQ Location |
Networking platform for real-estate brokers is facilitated by PlaBro.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Broex
Frequently Asked Questions about BroEx
When was BroEx founded?
BroEx was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is BroEx located?
BroEx is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Is BroEx a funded company?
BroEx is a funded company, having raised a total of $4.22M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Jul 24, 2015.
How many employees does BroEx have?
As of Mar 31, 2022, the latest employee count at BroEx is 2.
What is the annual revenue of BroEx?
Annual revenue of BroEx is $0.09 as on Mar 31, 2022.
What does BroEx do?
BroEx, led by Mukul Kumar Bhati as Co-Founder, CTO, Anshul Gupta as Co-Founder, Siddharth Prakash Singh as Co-Founder, specializes in involved in property dealings, technology platforms, networking services, and agent communication. Serves as an app-based platform for networking and communication among real estate agents. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
How many acquisitions has BroEx made?
BroEx has made 1 acquisition, including Rexprop.
Who are BroEx's investors?
BroEx has 5 investors. Key investors include Lightspeed Venture Partners, Blume Ventures, CyberAgent Capital, Tekton Ventures, and growX ventures.
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