PropTech startup NoBroker secures $30m in Series D extension

India-based PropTech platform NoBroker has reportedly raised a $30m extension to its Series D round which will be used to improve the customer experience on its platform.

The capital injection was led by private equity firm General Atlantic, according to a number of reports in the media.

NoBroker initially secured $50m in its Series D round in September 2019, The capital was supplied by Tiger Global and helped it launch an apartment management product to cover both security and to better inform people about their neighbourhoods.

With the close of the extension round, the FinTech has raised a total of $151m in equity since it was founded.

The company helps people in India buy and rent property, helping connecting both parties and avoiding the need of using brokers. Its online platform allows users to upload listings for free and provides support with creating rental agreements.

Furthermore, the company helps users to find home services such as plumbers, electricians, pest control, carpenters, appliance repair, cleaners and more.

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