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Oku Tech’s BroEx, a network of real estate brokers, has raised $1 million in early stage financing from Lightspeed India.
The BroEx network is currently in active use by 25,000 brokers across all major metros such as Delhi-NCR, Mumbai and Bangalore, as well as other centres such as Pune, Ahmedabad and Jaipur.
The company plans to deploy these funds to expand to all Tier I, Tier II and Tier III cities in India.
Additionally, funds will also be allocated for the next level of product development, including launching complimentary products and services for brokers to facilitate transactions.
Pallav Pandey, founder-CEO of Oku Tech, said, “This round of funding will help us consolidate our position as the preferred network and channel of communication for brokers and also get us ready to power transactions through our platform.”
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