NoBroker Raises $5 Million in a Series E Round at a Valuation of about $1.06 Billion

NoBroker is a disruptive real-estate platform that serves customers looking to buy, sell, or rent properties without paying any brokerage fees. The company delivers legal documentation and online rent payment ser, and also society management services through its NoBrokerHood app.

Prop-tech startup NoBroker has raised $5 million from Google in a Series E funding round. With this latest funding round, Google joined the company’s existing investors General Atlantic, Tiger Global, and Moore Strategic Ventures. The company intends to use the fresh funding to expand its services to more customers across the present and new cities. Moreover, the funds will strengthen the platform tech system to streamline the real estate business.

NoBroker, Bangalore, India, was founded in 2014 by Akhil Gupta, Amit Kumar Agarwal, and Saurabh Garg. The company currently operates across six cities like Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai, and Pune. “These are exciting times for the real estate industry. Demand for rent and buy are both in full swing. NoBroker is committed to democratizing a user’s real estate journey. We are delighted to partner with Google in our endeavor to build products and solutions that will simplify the home search and living experience for our users,” noted Amit Agarwal, co-founder and chief Executive Officer (CEO).

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