Real estate renting and buying platform, NoBroker, on Tuesday said it has raised $210 million as a part of its Series E funding round led by General Atlantic, Tiger Global Management, and Moore Strategic Ventures.

The round values NoBroker at $1.01 billion, making it the first property tech and real estate startup to achieve unicorn status.

β€œWe are in a business in which you can’t multiply 10-times within a month by giving cashback, but once you have built something, nobody else can snatch it from you within a month, so basically it takes time to get built, but once it is built, it's a very strong business. In terms of usage of funds, we will be making our technology team much stronger, expanding to 50 cities in the next 2-3 years, and we are going to aggressively invest in our community NoBrokerhood application", said Amit Kumar Agarwal, co-founder, and chief executive officer.

(Left to right): Amit Kumar Agarwal, CEO, and co-founder of NoBroker Akhil Gupta, CTO, and co-founder of NoBroker Saurabh Garg, Chief Business Officer (CBO) and co-founder of NoBroker
(Left to right): Amit Kumar Agarwal, CEO, and co-founder of NoBroker Akhil Gupta, CTO, and co-founder of NoBroker Saurabh Garg, Chief Business Officer (CBO) and co-founder of NoBroker

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