BroEx, a mobile based property broker’s
network, has acquired Real Estate technology startup REXPROP for an undisclosed
amount to expand business and provide better products to its clients.
Gurgaon-based REXPROP or
'Real Estate Property Exchange' is a startup which offers solutions
such as inventory distribution, broker to broker listings and CRM for property
consultants, agents, brokers and developers. Earlier this year, BroEx had
acquired independent broker company Professional Brokers. It had also tied up
with real estate consultant JLL India's housing arm for getting access to
exclusive deals.
REXPROP has developed
innovative offerings around listing management and CRM for real estate brokers
which compliment BroEx. BroEx is being used by more than 1.5 lakh
real estate brokers, he said, adding that this deal would further enhance its
offering and cement position as the go-to software for the brokerage industry.
BroEx, which had raised $1 million
as seed funding, helps real estate brokers to serve their customers better and
close deals faster. It also provides inventory information to FastFox.Com -
rental brokerage service by its parent company OkuTech. OkuTech is founded by
IIT alumni and funded by LightSpeed Venture Partners.
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