NoBroker.com, India’s largest real estate platform that is 100% brokerage free has bagged $210 million in funding in its latest round. The company is a one stop shop for all property related needs from renting, buying, home services, financial services and society management. With this funding NoBroker has now become the first Proptech unicorn in India. 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.
NoBroker.com has consistently endeavored to improve user experience for customers across aspects of real estate transactions journey ranging from rental or outright sale to value added services like home loans, packers and movers, legal documentation, online rent payment, and a lot more. With its zero brokerage USP, it 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”
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.
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