Private Equity Fund Investments
Proptech startup NoBroker raises $210-M from GA, Tiger Global, others; turns unicorn
Bengaluru-based real estate tech platform NoBroker has raised USD 210 million in a Series E round led by existing investors General Atlantic and Tiger Global Management, with participation from US-based Moore Strategic Ventures. The round takes NoBroker's total fundraising to USD 361 million. With this, NoBroker claims to have achieved a valuation of USD 1 billion, making it the first unicorn in the segment. NoBroker will use the funds to continue investing in its tech-enabled security management system and a classifieds marketplace for gated communities. Currently a team of 150 members, the startup plans to ramp up hiring by 2x this fiscal. It services six cities - Bengaluru, Mumbai, Pune, Chennai, Hyderabad and Delhi-NCR - and plans to expand beyond Tier I cities over the next five years.
From the Venture Intelligence PE-VC Deal Database: Between Feb-15 and Oct-19, NoBroker had raised over $143-M from Tiger Global, General Atlantic, rocketship.vc, Beenext, Elevation Capital, Trifecta Capital, KTB Ventures, Digital Garage, Beenos Partners, Qualgro, Fulcrum PE, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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