NoBroker

The contributing factors include narrowing the gap between rents and EMIs, increase in affordability and security of owning a home

The metro-based property search feature allows users to find homes along metro lines close to their workplace

Nobroker, the real estate platform that directly connects property owners with tenants and buyers, expects to touch Rs 1,000 crore revenue-mark this year as it has been doubling its billing since 2020, one of the co-founders said. Founded by Amit Kumar Agarwal, Akhil Gupta and Saurabh Garg in Bengaluru in 2014, Nobroker was the first proptech unicorn (over USD 1 billion valuation) and is now majority owned by external investors such as Tiger Global, General Atlantic and Elevation Capital which collectively have pumped in over USD 350 million over the years. Late last year, Google too chipped in with USD 3 million for the company. According to the co-founder and chief technology officer Akhil Gupta, now, the promoters collectively own around 20 per cent of the company, which is present only in Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai, and Pune. "We have been doubling our topline since 2020 when we grossed USD 27 million. We do not disclose revenue numbers before filing to t

NoBroker's mid-year report on real estate trends sheds light on rental and buyer preferences as well as the key trends driving prices in the sector

Unicorn proptech startup NoBroker has raised USD 5 million from technology major Google as part of its expansion plan. NoBroker has bagged funding from Google, which joins existing investors General Atlantic, Tiger Global and Moore Strategic Ventures in its Series E round, the Bengaluru-based firm said in a statement. In November 2021, NoBroker.com raised USD 210 million from investors, including General Atlantic and Tiger global to expand its business across 50 cities. The Series E funding round was led by General Atlantic, Tiger Global Management and Moore Strategic Ventures. NoBroker platform helps in renting, buying, selling, home services, financial services to society management services through NoBrokerHood. "One of the key areas where we will leverage this partnership will be to build unique solutions that help simplify the lives of the residents of NoBrokerHood societies. Our objective is to aggressively grow and reach 1 lakh societies in the next few years," said Akhil ..

With this, Google joins existing investors General Atlantic, Tiger Global and Moore Strategic Ventures; tech giant will also collaborate with NoBroker to enhance overall user experience

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The Series E funding round was led by General Atlantic, Tiger Global Management and Moore Strategic Ventures

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Both firms have been backed by Tiger global

Ranging from rental, sale, or resale, to post transaction services like loans, packers and movers, legal documentation, online rent payment, interiors, NoBroker offers a bouquet of real estate service

The firm claims to have more than 2.5 million properties registered on its platform

NoBroker, which began with an idea as simple as its name, is now working to bring down hefty deposits demanded by landlords, apart from offering a host of other conveniences

This takes the total funding raised by the site to about Rs 89 crore