NoBroker, an India-based online property marketplace backed by internet company Digital Garage, has secured $210m in series E funding at a $1bn valuation, TechCrunch reported today.
Investment firms Tiger Global Management and Moore Strategic Ventures joined growth equity firm General Atlantic to co-lead the round, bringing the company’s overall funding to $361m since it was founded in 2014.
NoBroker has built an online marketplace that enables users to conduct real estate activities such as leasing, renting and selling without brokerage fees. It is has a presence in the Indian cities of Bangalore, Chennai, Delhi, Hyderabad, Mumbai and Pune.
General Atlantic had provided $30m in April 2020 to lift NoBroker’s series D round to $80m, after taking part in a $50m initial close for the round six months before that was led by Tiger Global. The deal valued the company at $350m and took its total funding to $151m.
The company had received $51m in a mid-2019 series C round led by General Atlantic and backed by Beenext and SAIF Partners. The last two had joined Digital Garage, KTB Ventures, Qualgro and Mamoru Taniya to back a $17.4m series B three years before, SAIF Partners having supplied $3m in series A funding in 2015 alongside Fulcrum Partners.
