NoBroker has raised $210 million led by Tiger Global, General Atlantic and Moore Strategic Ventures.- The latest round of funding will help the eight-year-old company invest more in its home and financial services.
- It claims to have more than 1.6 crore users registered across Bengaluru, Mumbai, Pune, Chennai, Hyderabad and Delhi NCR.
Real estate aggregator NoBroker — which allows users to buy, sell and rent out properties — is the latest startup to enter the unicorn club with a valuation of over a billion dollars.
Eight-year-old NoBroker has raised $210 million in a Series E round led by Tiger Global, General Atlantic and Moore Strategic Ventures. This is the largest funding round raised by the company.
The latest round of funding will help NoBroker further enhance its technology and increase its investments in 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 cofounder and chief technology and product officer at NoBroker.
NoBroker has raised $361 million to date from marquee investors like Paytm’s Vijay Shekhar Sharma, serial investor Anand Chandrasekaran, BEE NEXT, Elevation Capital and others.
The company was founded by Indian Institute of Technology (IIT) alumni Amit Agarwal, Akhil Gupta and Saurabh Gupta in 2013. It claims to have more than 1.6 crore users registered across Bengaluru, Mumbai, Pune, Chennai, Hyderabad and Delhi NCR.
It claims it has more than 75 lakh properties on its platform and 10,000 residential societies.
NoBroker is the 38th startup to enter the unicorn club this year. A unicorn, in startup parlance, is a company that is valued over $1 billion.
Last week, six-month-old Mensa Brand became India’s
youngest startup to be valued over a billion dollars. The company was founded only six months ago by Myntra’s former chief executive Ananth Narayanan.
Besides this, vernacular social media startup ShareChat, credit card payments platform CRED, merchant payments solution BharatPe, healthtech startup Innovaccer, wealth management company Groww and many others have entered the unicorn club.
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