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    NoBroker.com raises 210 mn USD turns into unicorn

    Real estate platform NoBroker.com has raised $210 mn (Rs 1,575 cr) from investors, including General Atlantic and Tiger global to expand its business across 50 cities, a top company official said.

    NoBroker.com raises 210 mn USD turns into unicorn
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    New Delhi

    Bengaluru-based NoBroker, which was launched in 2013, has raised the fund at $1 billion valuation to become the first unicorn in proptech sector.

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

    “We have raised $210 million fund from investors for our expansion plan,” NoBroker.com Co-Founder Akhil Gupta said.

    With the latest funding round, the company has so far raised $361 million. “We founders have diluted stake to raise funds, but we have the control,” NoBroker.com Co-Founder-CEO Amit Agarwal said. The fund will be utilised for expansion and to fuel growth. It plans to use the money to penetrate deeper into 6 cities where it has presence and expand operations to 50 cities as well as to expand its society management app NoBrokerHood.

    It operates across six cities: Bangalore, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune.

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