NoBroker.com raises $51 mn in Series C funding

Chennai: Tech-based real estate platform, NoBroker.com has announced that it has raised $51 million in Series C funding. This brings the total funding raised by the firm to $71 million.

The round was led by General Atlantic and included participation from existing investors SAIF Partners and BEENEXT, stated a release.

VP, General Atlantic, Sharad Bhojnagarwala, commented, “We have been extremely impressed by the strength of the NoBroker team and their relentless focus on using technology to create an improved user experience in the large real estate market in India. We look forward to supporting them in their journey of making real estate transactions easier and convenient.”

“We have been able to use technology effectively to make transactions faster and low cost for the end user with the help of machine learning and artificial intelligence. The support provided to us by our investors is a testimonial to our ongoing tech innovation. We plan to use this capital to further innovate and strengthen our ML/AI to make the transactions seamless and quicker,” said CTO and co-founder, NoBroker.com, Akhil Gupta.

NT Bureau