The round values NoBroker at $1.01 billion, making it the first property tech (proptech) and real estate startup to achieve unicorn status. The seven-year old startup provides a tech-based brokerage-free real estate platform, which allows users to buy and sell as well as rent properties across six metros - Bangalore, Mumbai, Pune, Chennai, Hyderabad, and Delhi-NCR. It also allows direct-to-consumer (D2C) brands to sell to residents in gated communities through its NoBrokerHood platform. For real estate buying, the company has partnered close to 40 financial institutions to provide instant home loans to customers on its platform. Over the next two financial years, real estate buying is expected to account for almost 60% of NoBroker's revenues due to higher ticket sizes.

Source: Mint November 23, 2021 10:10 UTC