Indian proptech firm NoBroker banks $50m in Tiger Global-led round

Indian proptech firm NoBroker banks $50m in Tiger Global-led round
Indian proptech firm NoBroker banks $50m in Tiger Global-led round

India-based real estate listing platform NoBroker has raised US$50 million in a series D round led by US-based investment firm Tiger Global Management.

Existing investor General Atlantic also participated in the round, which brought the startup’s total capital raised to US$121 million, Livemint reported.

Founded in 2014, the company’s platform connects renters to homeowners while eliminating the need to pay brokerage fees. NoBroker also provides paperwork and documentation processing relating to lease agreement registration, bank franking, police verification, and society approvals.

According to NoBroker chief technology officer and co-founder Akhil Gupta, the company now leverages machine learning and AI to speed up transaction processes and bring down costs.

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