Private Equity

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Proptech unicorn NoBroker raises $5-M more in Series E from Google

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Bengaluru-headquartered proptech unicorn NoBroker has raised USD 5 million from Google in an extended Series E round, through which it had earlier secured USD 210 million in November 2021. Google joins NoBroker's existing investors General Atlantic, Tiger Global and Moore Strategic Ventures in the Series E round. The investment has been made from Google's USD 10 Billion India Digitization Fund. NoBroker, which had turned a unicorn after raising capital in 2021, has raised the new funding at a similar USD 1 Billion valuation. With this, NoBroker has raised USD 366 million till date. NoBroker caters to property-related needs from renting, buying, selling, home services, financial services, to society management services through NoBrokerHood. It is India's first proptech unicorn.

From the Venture Intelligence PE-VC Deal Database: Between Feb 15 and Nov 21, NoBroker had raised over USD 353 M from Moore Strategic Ventures, Tiger Global, General Atlantic, Fulcrum PE, Elevation Capital, Beenext, Digital Garage, Beenos Partners and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)