“We have been tripling our revenue every year and this funding will help us further improve user experience and enable faster deal closures. We will continue to add value across the user journey with continuous investment in our home store and NoBrokerHood”, said Amit Kumar, CEO and co-founder of NoBroker.
This is an extension to their Series D funding round of $50 million in October 2019 which was led by Tiger Global and General Atlantic had also participated in that round.
“We will further invest in our financial services to make them accessible to more people”, said Akhil Gupta, CTO and co-founder of NoBroker.
It had acquired society management and ERP solutions company Society Connect in an all-cash deal in February 2020.
In November 2019, the company launched its operations in Delhi-NCR and currently operates across six cities including Mumbai, Bangalore, Pune, Chennai, Hyderabad and Delhi-NCR.
Saurabh Garg, CBO and co-founder of NoBroker.com, said, “This funding will help us expand to new cities and also go deeper in the existing cities and service more customers. We will also invest further in our sales vertical”
April 16, 2020