NoBroker raises $51 million from General Atlantic

Mumbai: Brokerage-free real estate listing platform, NoBroker.com raised $51 million in a series C round led by US-based private equity firm General Atlantic, the company said. Other investors who participated include early stage venture capital fund Rocketship.vc and two existing investors at the company, BEENEXT Ventures and SAIF Partners. The Bengluru-based technology firm, that allows its subscribers to rent and buy homes online, plans to expand its operations to top ten cities in India in the next one year, and build its technology stack and recommendation engine, it said. Mint reported on 19 Nov that home rental startup, NestAway Technologies was in initial talks to raise $100 million and may end up securing $150 million given that there’s strong investor demand. Other startups offering co-living and home rental services in the country are Oyo Living, ZiffyHomes and CoHo.

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