NoBroker Raises $210 Million in Series E Funding Round

With this funding NoBroker has now become an unicorn. This brings the total funding raised by NoBroker to USD $361 million till date.

Thane : , No Broker a real estate platform, has raised $210 million in Series E funding round led by General Atlantic ,General Atlantic, and Moore Strategic Ventures, the company said in a media release.

With this funding NoBroker has raised USD $361 million till date and has now become an unicorn, it said in the release.

"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 of the company.

Shantanu Rastogi, managing director, General Atlantic said, "In the future, NoBroker’s product stack will also find relevance in several under-regulated developing markets around the world."

"One of the key uses of this fund-raise will be to invest in NoBrokerHood, our community app and marketplace. We have signed 10,000 societies till now and the objective would be to aggressively grow and reach 1 lakh societies in next two years”, said Amit Agarwal, co-founder and chief executive officer of the company.

Launched in 2013, NoBroker currently operates across six cities i.e Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune. More than 75 lakh properties are registered on the portal and more than 1.6 crore individuals have used its services, claims the company.

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Source: realty.economictimes.indiatimes.com