Property listings portal NoBroker.com said it had raised $51 million (around Rs 354 crore at the current trade price) in a Series C spherical of investment led by personal equity company General Atlantic. Existing investors SAIF Partners and Bee Next also took part in the funding spherical, NoBroker stated in a declaration. The spherical takes the entire funding it has raised to this point to $ seventy-one million. The startup, operated by way of Bengaluru-based NoBroker Technologies Solutions Pvt. Ltd is a home rental and buys a platform that facilitates users to locate homes without paying any brokerage. It presently offers quit-to-cease services in 5 towns: Mumbai, Bengaluru, Pune, Chennai, and Gurugram.
“This cutting-edge funding spherical will guide us in our plans to expand our operations,” stated Amit Kumar, chief govt officer of NoBroker.com. “Our objective is to boost customer and deal-closure increase and maintain supply fee to customers throughout the U. S… We will even spend money on our home keep and monetary offerings product.”
The startup was founded in 2013 by Indian Institute of Technology (IIT) graduates Akhil Gupta, Amit Agarwal, and Saurabh Garg. NoBroker claims to have registered more than 2. Five million properties on its platform, with 6 million individuals availing of the portal’s offerings.
