NoBroker.com, claimed to be India’s largest real estate platform that is 100% brokerage free has secured $210 million in funding in its fresh round. NoBroker enables renting, buying, home services, financial services and society management services. With this funding NoBroker total funding raised amounts to USD $361 million.
With its zero brokerage USP, the company has made the process more convenient and affordable for the customers. It currently operates across six cities: Bangalore, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune.
Shantanu Rastogi, Managing Director, General Atlantic said, “NoBroker’s digital-first approach to efficiently solve renting, buying, maintenance and related needs for real-estate owners, tenants, buyers, residential societies and developers is paradigm shifting. Focused execution with a customer-first mindset of the founders bodes well for NoBroker’s continued penetration in this market solving for the toughest problems. In the future, NoBroker’s product stack will also find relevance in several under-regulated developing markets around the world. We are excited to be part of NoBroker’s continued success”
Nobroker.com to strengthen real estate tech leadership with fresh investments
James McIntyre, Senior Managing Director & COO at Moore Strategic Ventures said, “The NoBroker team has already improved the home rental and transaction process for millions of consumers, and now they are bringing the same compelling user experience to a variety of other services in the home ownership and rental journey. We are excited to begin a partnership with NoBroker as they build India’s premier real estate technology platform.” More than 75 lac properties are already registered on the portal and more than 1.6 crore individuals have used NoBroker services.
This funding round was led by General Atlantic, Tiger Global Management and Moore Strategic Ventures.
