Tiger Global leads $50m funding in realty listing platform NoBroker

Photo: Reuters

Brokerage-free real estate listing platform NoBroker.com said on Tuesday that it has raised $50 million ( ₹356 crore) in Series D funding in a round led by Tiger Global Management.

Existing investor General Atlantic also participated, the company said in a statement.

With the latest round of funding, NoBroker.com has raised $121 million so far, said the company, which operates in Mumbai, Bengaluru, Pune, Chennai, Hyderabad and Gurugram.

More than three million properties are registered on NoBroker.com, and more than seven million people have used its services, which include solutions for all segments of real estate transactions such as rental, sale and value added services, according to the company.

“The current funding will help us provide the service to more customers across the country and accelerate our deal closure growth. We will continue to add value across the user journey with continuous refinement of our home store and financial services products,” said Amit Kumar Agarwal, chief executive officer and co-founder of NoBroker.com.

“We are using machine learning and artificial intelligence to make transactions faster and low-cost for the end user. We are also bringing technology to financial transactions involved in real estate,” said Akhil Gupta, chief technology officer and co-founder of NoBroker.com.

Last month, the company did “more than ₹100 crore of rent payment transactions through the platform”, he said over the phone.

This article was first published on livemint.com

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.