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Prop-Tech Startup Nobroker Raises $5 Million In Funding From Google Development Corp

PRIVATEMar 01, 2023

Amount Raised

$5 Million

Round Type

Funding Round

BengaluruReal EstateReal Estate InvestmentCommercial Real Estate

Description

NoBroker, a prop-tech real estate startup, has raised $5 million in funding from Google corporate Development - a part of the Google for India Digitization fund announced by Sundar Pichai in 2020 - to expand its services business NoBrokerhood.Earlier, Pichai said this fund will invest Rs 75,000 crore, or approximately $10 billion, in India over the next five-seven years. “We’ll do this through equity investments, partnerships, and operational, infrastructure and ecosystem investments. This reflects our confidence in the future of India and its digital economy," he said. With this funding, Google joins the existing investors General Atlantic, Tiger Global and Moore Strategic Ventures in its Series E round

Quick answer

NoBroker raised $5 Million in a Funding Round round, dated March 1, 2023. NoBroker is based in Bengaluru, Karnataka, India.

How much did NoBroker raise?
NoBroker raised $5 Million in a Funding Round round on March 1, 2023.
What does NoBroker do?
India’s first Proptech unicorn, NoBroker.com is a disruptive brokerage-free property search portal that connects house/property owners & tenants/buyers directly by eliminating the middleman.
Where is NoBroker based and how big is it?
NoBroker is based in Bengaluru, Karnataka, India.

Source: Fundz verified event record.

Who else raised in Real Estate and Real Estate Investment around the same time

Companies in the same sectors as NoBroker that raised within 45 days of this round, from Fundz verified event records.

  • Greystone raised an undisclosed amount (Funding Round) on March 27, 2023.
  • Freemodel raised $20M (Series A) on January 31, 2023.
  • Whitestone REIT raised an undisclosed amount on January 20, 2023.
  • VERO raised $9M (Series B) on April 11, 2023.
  • Prengi raised an undisclosed amount (Seed) on April 11, 2023.
  • OnsiteIQ raised $18M on April 10, 2023.

Who to call at NoBroker, and when

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Company Information

Company

NoBroker

Location

Bengaluru, Karnataka, India

About

India’s first Proptech unicorn, NoBroker.com is a disruptive brokerage-free property search portal that connects house/property owners & tenants/buyers directly by eliminating the middleman. NoBroker.com removes the information asymmetry that existed in the Indian marketplace, and instead creates an environment for free exchange of information that earlier brokerage. NoBroker was founded by alumni from IIT Bombay, IIT Kanpur & IIM Ahmedabad in March 2014; and have since served over 30+ lakh customers monthly. We have raised a total of $361 Million from our investors - General Atlantic, SAIF Partners, Tiger Global, Moore Capital Management, Beenext, KTB Ventures, Digital Garage, Qualgro, Rocketship VC, Fulcrum Capital. Our Angel Investors are Vijay Shekhar Sharma and Anand Chandrashekharan. We’re a team of 2000 people driven by passion to help you fulfil your real estate requirements, without any brokerage.We have worked tirelessly to remove all information asymmetry caused by brokers. We also enable owners & tenants to interact with each other directly by using our technologically advanced platform. Our world class services include-  Verified brokerage-free properties for buyers & tenants (Relationship Managers to assist you through the process)  Quality brokerage-free tenants & buyers for property owners  Online rental agreements  Packers & Movers services  Home Services like painting, cleaning etc.  Home Loans  Dedicated services for NRI customers and CPMS  Furniture & Interior Decoration  NoBrokerHood a visitor, society, & accounts management software for apartment societies We serve – Mumbai, Bangalore, Pune, Chennai, Delhi-NCR, and Hyderabad. We will soon come to more cities shortly. Are you looking for huge work-independence, passionate peers, steep learning curve, meritocratic work culture, massive growth environment, loads of fun, best-in-class salaries, & ESOPs ? Just write to us at careers@nobroker.in

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NoBroker raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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