BUSINESS

Realty Platform NoBroker Valued At $1 Billion After New Funding: Report


Realty Platform NoBroker Valued At $1 Billion After New FundingRound: Report

NoBroker helps individuals lease, buy and promote residential properties

NoBroker stated on Tuesday it had raised $210 million in a funding spherical led by international traders General Atlantic and Tiger Global Management, giving the web actual property platform a valuation of $1 billion. “The current funding will help us reach out to more customers across current and new cities … will help us deepen our investments in resale and primary sale verticals,” NoBroker Chief Business Officer Saurabh Garg stated in an emailed assertion. Launched in 2013, NoBroker helps individuals lease, buy and promote residential properties, permitting clients to cope with the property proprietor with out having to undergo brokers. The firm operates throughout six cities, together with Bengaluru, Delhi and Mumbai, and has greater than 15 million customers and over 7.5 million properties registered on its web site. Indian startups have been on a tear in 2021, with a number of of them getting into the unicorn, or the $1-billion membership, whereas high-profile names comparable to meals supply agency Zomato <ZOMT.NS and style e-commerce firm Nykaa have seen blockbuster market debuts.

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