General Atlantic puts in $29 Mn in NoBroker

Online real estate rental startup NoBroker raised $29mn from General Atlantic at an appximate valuation of $400mn, where General Atlantic has now become the largest stakeholder at 30.89% while SAIF Partners & Tiger Global holds 20.08% and 10.17% respectively.

It also provides end-user services such as house maintenance and packers & movers, has registered the biggest growth in its rental agreement service. Income from rental agreement services grew almost tenfold to Rs 1.08 crore in FY19

The company, which also provides end-user services such as house maintenance and packers & movers, has registered the biggest growth in its rental agreement service. Income from rental agreement services grew almost tenfold to Rs 1.08 crore in FY19 when compared to the previous fiscal.