What is NoBroker?
Founded in 2014 and headquartered in Bengaluru, India, NoBroker operates as a direct-to-consumer real estate search portal. It facilitates connections between property owners and tenants, aiming to eliminate brokerage fees for both parties through a service package model. The company has established itself as a key player in the Indian real estate market by leveraging technology to streamline property transactions and offer value-added services.
How much funding has NoBroker raised?
NoBroker has raised a total of $354M across 5 funding rounds:
Series A
$3M
Series B
$10M
Series C
$51M
Series D
$80M
Series E
$210M
Series A (2015): $3M with participation from SAIF Partners and Fulcrum Venture India
Series B (2016): $10M led by Qualgro Partners, Beenos, Digital Garage, BEENEXT, SAIF Partners, and Mamoru Taniya
Series C (2019): $51M supported by SAIF Partners, General Atlantic, and Beenext Ventures
Series D (2020): $80M featuring TriplePoint Venture Growth BDC and General Atlantic
Series E (2021): $210M backed by General Atlantic and Tiger Global Management
Key Investors in NoBroker
General Atlantic
General Atlantic is a global growth equity firm that provides capital and strategic support to high-growth companies in sectors such as consumer, financial services, healthcare, life sciences, and technology. With dozens of portfolio companies worldwide and offices across the Americas, EMEA, and AsiaPacific, it partners with founders and management teams to accelerate growth, international expansion, and transformational initiatives.
SAIF Partners
SAIF Partners is a prominent private equity firm that specializes in providing growth capital to companies in China or those with significant operations in the region. The firm focuses on various sectors, including internet+, TMT, healthcare, new materials, and clean technologies. With a strong portfolio, SAIF Partners aims to support the development of Asian companies. Their investment approach is centered on fostering innovation and growth in key industries.
Tiger Global Management
Tiger Global Management is an investment firm deploying capital in both public and private markets. The company was founded in 2001 and is headquartered in New York City, New York.
What's next for NoBroker?
With its substantial funding rounds, including the recent major strategic investment, NoBroker is well-positioned for accelerated growth. The company's focus on a brokerage-free model and its expansion into various property-related services suggest a strategy aimed at capturing a larger market share. Future developments are likely to involve enhancing its technology platform, expanding its service offerings, and potentially exploring new geographical markets or business verticals within the real estate ecosystem. The consistent backing from prominent investors indicates strong confidence in NoBroker's business model and its potential for future success.
See full NoBroker company page
