NoBroker.com Raises Another USD 30 Mn
New Delhi: Bleak prospects of real estate industry amid corona virus-led lockdown notwithstanding, NoBroker.com has raised USD 30 million in a round led by PE firm General Atlantic.
Nobroker.com said this is an extension of its Series D funding. He company had raised USD 50 million in October 2019 as part of as part of series D funding, the company said in a statement.
“This funding will help us expand to new geographies and even go deeper in the existing cities and service more customers. We will also invest more in our sales vertical,” said Saurabh Garg, CBO and co-founder of NoBroker.com.
The company has thus raised a total of USD 151 million.
“NoBroker's service and product innovations to improve choice, reduce transaction costs, enhance transparency and deliver convenience are driving significant organic listings and subscriptions on its platform,” said Shantanu Rastogi, Managing Director, General Atlantic.
The start up has 35 lakh properties that are registered on its platform. It currently operates in six cities such as Delhi NCR, Mumbai, Chennai, Bengaluru, Pune and Hyderabad.