NoBroker, India’s real estate platform that is 100% brokerage free, has bagged funding from Google, who joins existing investors General Atlantic, Tiger Global and Moore Strategic Ventures in its Series E round. NoBroker is a one stop shop for all property related needs from renting, buying, selling, home services, financial services to society management services through NoBrokerHood. NoBroker is also India’s first Proptech unicorn.
Google and NoBroker will collaborate to enhance user experience and work towards making the entire real estate journey of a user - from finding a home to living in a housing society, a seamless experience.
With its zero brokerage USP, NoBroker has made rent/buy/sell transactions more convenient and affordable for the customers. It has helped customers save brokerage to the tune of INR 11,000 crore to date in rent/buy/sell transactions. Today, the portfolio includes value added services such as home loans, packers and movers, legal documentation, online rent payment, and many more. It currently operates across six cities: Bangalore, Chennai, Delhi-NCR, Hyderabad, Mumbai, and Pune while NoBrokerHood operates in 5 additional cities- Kolkata, Coimbatore, Ahmedabad, Jaipur, and Lucknow.
NoBrokerHood, society super app makes life more convenient and secure for residents of housing societies and townships. Its offerings encompass services such as visitor management, financial management, home services, community management, legal verification, and more. It acquired Society Connect in February 2020 to integrate the financial module with its services on one single platform. More than 1 crore properties are already registered on the NoBroker platform, and more than 2.5 crore individuals have used NoBroker services.
“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”, said Akhil Gupta, Cofounder and Chief Technology and Product Officer of NoBroker.com.
“These are exciting times for the real estate industry. Demand for rent and buy are both in full swing. NoBroker is committed towards 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”, said Amit Agarwal, Cofounder and Chief Executive Officer, NoBroker.com.
“We are seeing an upward trend in the property buying segment and this funding will help us deepen our investments in resale and primary sale verticals. We have seen increasing demand for people wanting to rent and buy houses in gated communities. It is an opportune time to build solutions that would elevate society living experience for residents and this partnership will help us achieve this goal faster,” said Saurabh Garg, Cofounder and Chief Business Officer of NoBroker.com.
The current funding will help us reach out to more customers across current and new cities and help us streamline the entire real estate journey from search to shifting into your house to even manage your society living seamlessly with the help of technology.
