This latest funding round was led by KTB Network and existing investors of NoBroker.com - SAIF Partners, BEENEXT & Digital Garage also participated in the funding.
Amit Agarwal, CEO & Co- Founder, NoBroker.com, said “This is special because this is the first time that a Korean fund has led the funding round for an Indian startup. Their Korean start up experiences will help us further with innovative ideas so that we can continue to grow exponentially. We are at an excellent position now in terms of customer growth and financials. Global network of KTB will also aid us in our future global ambitions.”
NoBroker.com has seen a steady growth curve this year. Though the real estate sector saw a series of and ups and downs this year complete with many mergers and acquisitions. NoBroker registered sustained growth matrix. The year started with NoBroker.com raising $10 million in Series B funding. The last couple of months saw entrepreneurial stalwarts like Anand Chandrasekaran and Vijay Shekhar Sharma also investing undisclosed amounts in NoBroker.com. "We are glad to have KTB as our investor. These additional funds have put us in a strong position from overall capital perspective. Our aim is to use these funds to expand rapidly and move towards becoming the number one online real estate player in India in terms of closed transactions in next 24 months" says Akhil Gupta , CTO & Co- Founder, NoBroker.com.
Brokerage-free property search portal @nobrokercom raises $7 mn ( INR 50 cr.) led by Korean #VC Firm @KTBNETWORK pic.twitter.com/M2SoJE8tLB— Press Release Watch (@PrReleaseWatch) December 19, 2016
Amit Agarwal, CEO & Co- Founder, NoBroker.com, said “This is special because this is the first time that a Korean fund has led the funding round for an Indian startup. Their Korean start up experiences will help us further with innovative ideas so that we can continue to grow exponentially. We are at an excellent position now in terms of customer growth and financials. Global network of KTB will also aid us in our future global ambitions.”
NoBroker.com has seen a steady growth curve this year. Though the real estate sector saw a series of and ups and downs this year complete with many mergers and acquisitions. NoBroker registered sustained growth matrix. The year started with NoBroker.com raising $10 million in Series B funding. The last couple of months saw entrepreneurial stalwarts like Anand Chandrasekaran and Vijay Shekhar Sharma also investing undisclosed amounts in NoBroker.com. "We are glad to have KTB as our investor. These additional funds have put us in a strong position from overall capital perspective. Our aim is to use these funds to expand rapidly and move towards becoming the number one online real estate player in India in terms of closed transactions in next 24 months" says Akhil Gupta , CTO & Co- Founder, NoBroker.com.