Clicbrics raises USD 3 mn from investors to expand property brokerage technology platform

Clicbrics, a tech-based property brokerage platform, on Wednesday said it has raised USD 3 million (around Rs 20 crore) from investors for expansion. The pre-series A funding round was led by Manny Singh of Kavi Fund, New York; Peter Mann, Fund Manager at Gluskin Sheff, Canada along with a senior MD of one of the largest Canadian pension funds among others, the company said in a statement.

It will use the fund to fuel expansion and growth in the Indian market, the company added. Delhi-based Clicbrics will continue to focus on tier-I and tier-II cities, targeting the real estate market in a bid to organise the sector.

It is an AI (artificial intelligence) driven real estate brokerage platform and connects customers, brokers and developers within its technology platform.