NoBroker.com, the technology-based real estate startup has secured $50 million by Tiger Global Management as a part of Series D funding. The funding round also saw participation from its existing investor General Atlantic. NoBroker.com has raised a total of $121 million worth equity funding till now. The last funding round Series C where the company raised $51 million by its existing investors was held four months back.

At present, NoBroker operates in six cities Gurugram, Mumbai, Chennai, Pune, Bangalore and Hyderabad. It is now looking forward to set its foot in Delhi-NCR, Ahmedabad and Kolkata in the upcoming six to eight months.

Started in 2014 by Akhil Gupta, Amit Kumar Agarwal and Saurabh Garg, this startup provides an integrated platform where customers can ease their real estate woes. NoBroker offers services ranging from rental solutions to the sale and also offers other value-added services like online rent payment, packers and movers, among many. As per the company, over 30 lakh properties have been registered on the website and as many as 70 lakh individuals have utilised its offerings since the time it started.
The platform is seeing a rapid growth with it adding close to 1.5 lakh properties in the portfolio every month. Out of the listed properties, 85 per cent are available for rent whereas the 15 per cent is up for purchase.

Talking about the investment, Scoot Shleifer, Partner, Tiger Global Management said, “NoBroker team has built a tech-driven C2C business to make residential and commercial real estate transactions convenient and affordable. We have been extremely impressed by the strength of the NoBroker team and their relentless focus on using technology to solve end-to-end transactions in the large real estate market in India.”