NoBroker.com bags $210 mn in funding

Hyderabad: Tech-based brokerage-free real estate platform, NoBroker.com, has bagged $210 million in latest round of funding. With this funding the firm has now become the first Proptech unicorn in India. This brings the total funding raised by NoBroker to $361 million. The funding round was led by General Atlantic, Tiger Global Management and Moore Strategic Ventures, the company said in a statement.

The company is a one stop shop for all property related needs from renting, buying, home services, financial services and society management. The real estate platform has consistently endeavored to improve user experience for customers across aspects of real estate transactions journey ranging from rental or outright sale to value added services like home loans, packers and movers, legal documentation, online rent payment, and a lot more. With its zero brokerage USP, it has made the process more convenient and affordable for the customers. It currently operates across six cities: Bangalore, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune.

"NoBroker is building India's largest one-stop shop for all Real Estate needs. 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 at NoBroker.com.