Realty Platform NoBroker Valued At $1 Billion After New Funding

NoBroker said Tuesday it raised $210 million in a funding round led by global investors General Atlantic and Tiger Global Management and valued the online real estate platform at $1 billion.

In an emailed statement, NoBroker CEO Saurab Garg said, “Current funding helps reach more customers in current and new cities…Resale and Primary…This will help deepen investment in distribution.”

Founded in 2013, NoBroker helps people rent, buy and sell residential properties, and allows clients to trade with property owners without hiring a broker.

The company operates in six cities, including Bangalore, Delhi and Mumbai, with more than 15 million users and more than 7.5 million properties listed on its website.

Indian startups are crying in 2021, some of them joining Unicorn, a $1 billion club. Grocery delivery companies now own Zomato