Property Tech Start-Up NoBroker Raises $5 Million From Google In Series E Round

Updated on: 2 March 2023 1:16 am

The food delivery platforms have also sought clarification from the government on the directive while claiming that there has been a misinterpretation of the notice as the ban is applicable to bike taxi service providers

Swiggy, Zomato Flag 'Misinterpretation' Of Bike-Taxi Ban Order By Delhi RTO Photo: The food delivery platforms have also sought clarification from the government on the directive while claiming that there has been a misinterpretation of the notice as the ban is applicable to bike taxi service providers

Bengaluru-based property tech start-up NoBroker has raised $5 million (around Rs 40 crore) from the global tech giant Google in its Series E funding round. With this latest investment, Google joined the company’s existing investors General Atlantic, Tiger Global and Moore Strategic Ventures.

Prior to this, it raised $210 million in November 2021.

Founded in 2013 by three IIT graduates Akhil Gupta, Amit Agarwal and Saurabh Garg, the company is known for renting, buying, and selling home services. It has also claimed to be the first property-tech unicorn in India.

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The company currently operates across six cities like Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai, and Pune and it wants to utilise the fund to expand its services to more customers across the present and new cities. Additionally, it eyes strengthening its tech system to streamline the real estate business.

Talking about the latest development, Akhil Gupta, the chief technology officer (CTO), said, “We are excited to collaborate with Google. One of the key areas where we’ll leverage this partnership will be to build unique solutions that help simplify the lives of the residents of NoBrokerHood societies. Our objective is to aggressively grow and reach 1 lakh societies in the next few years.”

Amit Agarwal, co-founder and chief Executive Officer (CEO) added, “These are exciting times for the real estate industry. Demand for rent and buy are both in full swing. NoBroker is committed to democratizing a user’s real estate journey. We are delighted to partner with Google in our endeavor to build products and solutions that will simplify the home search and living experience for our users.”