NoBroker, a mount-tech real estate incipiency, has raised $ 5 million in backing from technology mammoth Google in an extended Series E round, through which it had before secured $ 210 million of backing in November 2021. Google’s investment has been made from the $ 10 billion India Digitization Fund it had announced back in 2010. With this backing, Google joins being investors General Atlantic, Tiger Global and Moore Strategic gambles in the Series E round.
With this backing, Google joins the being investors General Atlantic, Tiger Global and Moore Strategic gambles in its Series E round. “ We are agitated to unite with Google. One of the crucial areas where we’ll influence this cooperation will be to make unique results that help simplify the lives of the residents of NoBrokerHood societies. Our ideal is to aggressively grow and reach 1 lakh societies in the coming many times,” said Akhil Gupta, co founder and principal technology and product officer of NoBroker.com. As part of the deal, Google and NoBroker will unite to enhance stoner experience and scale product integration with the society operation platform NoBrokerHood. Either, the capital will also be stationed to strengthen its presence in being areas and expand its footmark to newer regions.
The incipiency also said that the backing will enable it to ramp up its tech mound and streamline the entire real estate lifecycle of a stoner via technology. As part of the deal, NoBroker will also mate with Google to make results that ‘elevate living gests’ for domestic complex inhabitants. “We’re to mate with Google in our bid to make products and results that will simplify the home hunt and living experience for our druggies,” NoBroker’s co founder and CEO Amit Agarwal said. The incipiency claims to have further than 2.5 Cr users and 1 Cr parcels registered on its platform across six metropolises – Bangalore, Mumbai, Pune, Chennai, Hyderabad, and Delhi- NCR. Its NoBrokerHood perpendicular operates in five fresh metropolises – Kolkata, Coimbatore, Ahmedabad, Jaipur, and Lucknow.