NoBroker.com, a Bangalore, India-based online real estate company, raised USD $51m in Series C Funding.
The round, which brings total funding raised to USD $71m, was led by General Atlantic with participation from existing investors SAIF Partners and BEENEXT.
The company intends to use the funds to expand operations, reach more people across cities, and invest in its home store and financial services products.
Founded by Amit Kumar Agarwal, CEO, Akhil Gupta, CTO, and Saurabh Garg, CBO, NoBroker.com is a tech based brokerage-free real estate platform that makes the real estate transactions efficient. It participates in the entire user journey starting from the house search to packers & movers, home loans, cleaning services etc.
The company initially started with a product that sought to improve the experience for customers in residential leasing and expanded to residential resale and commercial properties. Later, NoBroker also launched Home Store services which is a one-stop shop for the services that are required for a customer while completing a real estate transaction including loans, packers and movers, legal documentation, amongst others.
It currently operates an end-to-end transaction model in five cities: Mumbai, Bangalore, Pune, Chennai and Gurgaon.