What is NoBroker?
Founded in 2014 and headquartered in Bengaluru, India, NoBroker operates as a direct-to-consumer real estate search portal. Its core proposition is to eliminate brokerage fees for both property owners and tenants by facilitating direct connections. While the platform primarily offers a brokerage-free transaction model, it also provides supplementary service packages to enhance user experience. NoBroker's innovative approach has positioned it as a key disruptor in the Indian real estate market, addressing a significant pain point for millions of users seeking rental or sale properties.
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 Fulcrum Venture India and SAIF Partners
Series B (2016): $10M led by Beenos, Digital Garage, Qualgro Partners, Mamoru Taniya, BEENEXT, and SAIF Partners
Series C (2019): $51M supported by General Atlantic, Beenext Ventures, and SAIF Partners
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 across various sectors including technology and financial services. They partner with founders to accelerate growth and international expansion.
Beenext Ventures
BEENEXT is a founder-first venture capital firm that supports innovative entrepreneurs across diverse sectors, emphasizing collaboration and knowledge sharing to foster long-lasting impact.
SAIF Partners
SAIF Partners is a private equity firm specializing in growth capital for companies in Asia, focusing on sectors like internet+, TMT, and healthcare to foster innovation and industry development.
What's next for NoBroker?
The recent major strategic investment signifies a pivotal moment for NoBroker, likely indicating a move towards scaling operations, enhancing technological infrastructure, and potentially exploring new market segments or service verticals. Given the enterprise-level funding context, the company is poised for accelerated growth, aiming to solidify its market leadership and expand its reach across India. Future developments may include further digital transformation initiatives within the real estate ecosystem and strategic partnerships to broaden its service offerings.
See full NoBroker company page
