November 23, 2021: NoBroker.com has bagged $210 million in funding in its latest round. The company is a platform for various property related needs from renting, buying, home services, financial services and society management. This brings the total funding raised by NoBroker to USD $361 million. The round was led by General Atlantic, Tiger Global Management and Moore Strategic Ventures.
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.”
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.
“NoBroker is building India’s largest one-stop shop for all Real Estate needs. The latest round of funding will help us further build our technology prowess and further invest in our home services and financial services. We use machine learning and artificial intelligence to make the entire process hassle-free and transactions economical for the end user”, said Akhil Gupta Co-founder and Chief Technology and Product Officer at NoBroker.com.
“We are humbled by the confidence shown to us by global investors such as General Atlantic, Tiger Global and Moore Capital. One of the key uses of this fund-raise will be to invest in NoBrokerHood, our community app and marketplace”, said Amit Agarwal, Co-founder and Chief Executive Officer of NoBroker.com.
“We are incredibly delighted to announce this news as the latest round and the unicorn status is a big pat on our backs. The current funding will help us reach out to more customers across current and new cities and help us streamline the entire real estate journey from search to shifting into your house to even manage your society living seamless with the help of technology”, said Saurabh Garg, Co-founder and Chief Business Officer of NoBroker.com.
