NoBroker raises $30 million from General Atlantic

NEW DELHI:NoBroker, a real estate platform, has raised USD $30 million to its Series D funding round was led by General Atlantic. This brings the total funding raised by NoBroker to USD $151 million.


“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”


Source: https://realty.economictimes.indiatimes.com/news/allied-industries/nobroker-raises-30-million-from-general-atlantic/75182240

April 16, 2020

3 views
Mindcept-Logo.png

© MINDCEPT CONSULTING

  • Black LinkedIn Icon

DISCLAIMER: The information contained in this website is offered for illustration purposes only and is general information. We make no representations or warranties of any kind (express or implied) with respect to the information, products, services, statements, figures, calculations, plans, images, logos, related graphics and are purely indicative in nature only. Whilst all reasonable care has been taking in providing all information, however, We or / and our related companies or/ and our representatives, consultants or / and our agents accept no responsibility for its completeness, accuracy, reliability, suitability or availability of any information contained herein for any action taken in reliance thereon by any party. Any reliance on information as contained in this website does not constitute an offer, inducement, representation, warranty or contract and may be relied upon at one’s risk and consequences.