As the Chief Operating Officer of OJO Canada, Azar Kheraj played a critical role in OJO’s tremendous year of growth. In a series of blockbuster deals totaling nearly $200 million, Kheraj was instrumental in the sale of the Canadian operations of OJO to the Royal Bank of Canada, while simultaneously raising debt from Vista Credit Partners. Kheraj’s work has given liquidity to OJO U.S. in a time of housing market volatility.
Over his three-year tenure, he worked closely with executive leadership to vet the opportunity to raise $62.5 million and acquire the real estate search site Movoto. His expertise and relentless pursuit of making this milestone a reality ultimately shaped the entire trajectory of the company, as Movoto became the largest privately owned residential real estate search site in the U.S. Kheraj helped guide the company’s launch in Canada, working alongside partner and investor, RBC Ventures, to define a shared investment model for scaling. As the primary financial strategist on the project, he developed a plan to accelerate the launch, outlining how much investment was needed, trade-offs, and ultimately what the expansion would look like once complete. Kheraj’s commitment to growth in North America recently paid off as he helped lead the months-long deal that enabled RBC to acquire OJO’s Canadian operations in early 2023. In addition to this strategic acquisition, Kheraj directed a debt raise from Vista Credit Partners. The transactions totaled approximately $200 million.
What is one habit that has helped you succeed?
Constantly ask questions. Knowing what you don’t know allows you to learn quickly, deeply understand the complexities of what you’re working on and challenge the status quo.
Name:
Azar Kheraj
Age:
32
Title:
Chief Operating Officer
Company Name:
OJO Canada
Industry
Real Estate
