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Funding roundup: BroEx, IndiaMLS, Zoctr and Townrush


BroEx raises $1M in seed funding from Lightspeed

BroEx, a Gurgaon based collaboration platform for brokers, has raised $1 million in seed funding from Lightspeed India, reports Vccircle. The company will use the funds for expanding to other cities, invest in product development and launch complimentary products for brokers.

Founded in 2014 by Pallav Pandey and Mukul Kumar, BroEx is a networking app that helps real estate agents find inventories from people beyond their network. Brokers can use the platform for sharing information regarding sales and rental listings and for connecting with each other. As of now, the platform claims to list over 25,000 brokers on its platform and is present in various cities including Mumbai, Pune, Delhi, Bangalore, Jaipur and Ahmedabad.

IndiaMLS raises $1.09M from high net-worth individuals

Online platform for real estate broker IndiaMLS, has raised $1.09 million in funding from a group of high net-worth individuals including the Mumbai-based real estate businessman Dhaval Bharot, reports Vccircle.

Founded in May this year by Jay Patel and Hari Kondlapudi, IndiaMLS works by letting brokers upload property listings to a common network. The membership based software lets brokers share various informations with each other. IndiaMLS claims its design is inspired by the US firm CoStar Group. The platform offers a software, a website login and an android app for brokers to access its services.

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Zoctr raises $1M from angel investors

Zoctr, which offers health related services and home wellness packages online, has raised $1 million in a round of funding from Sandeep Parwal, Krishan Gupta and other angel investors, reports Vccircle. Other investors include Anil Khandelwal and Arun Purohit. The platform will use the funding to expand to Delhi and to partner with hospitals and ICUs in Delhi and Mumbai.

This is Zoctr’s second round of funding after the startup had raised seed funding from Rajeep Agrawal three months back. As of now, the platform offers home based medical services which include long term intensive care, health checkups, chronic care etc. It also provides services like tele consulting, home laboratory pickups, emergency management support and an online pharmacy.



Townrush raises funding from Lightspeed 
Bangalore-based startup Townrush has raised an undisclosed amount in seed funding from Lightspeed Venture Partners, reports Vccircle. The platform will use the funds to invest for technology development, in physical infrastructure and to scale up its team.

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Founded in May this year by Prakash Banerjee, Ashutosh Banerjee and Tushar Bisht, Townrush lets customers and merchants connect with various logistic partners. The company charges merchants to deliver goods within 30 minutes, and claims to currently complete around 500 orders a day in Bangalore. The company mentions it will eventually look to scale to other tier two and tier three cities.

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