Realty NoBroker Platform Valued at $1 Billion After New Funding: Report
On Tuesday, NoBroker said it had raised $210 million in a funding round led by global investors General Atlantic and Tiger Global Management, bringing the online real estate platform to a valuation of $1 billion. la.
“Current funding will help us reach more customers across existing and new cities…will help us invest more deeply in the resale and primary verticals,” said Business Manager NoBroker trader Saurabh Garg said in an emailed statement.
Launched in 2013, NoBroker helps people rent, buy and sell residential real estate, allowing customers to transact with property owners without going through a broker.
The company operates across six cities, including Bengaluru, Delhi and Mumbai, and has over 15 million users and over 7.5 million registered properties on its website.
India’s startups are already booming in 2021, with some of them stepping into the unicorn, or $1 billion club, while well-known names like food delivery company Zomato