NEW DELHI: NoBroker.com, a brokerage free property platform, on Wednesday announced its entry into the Delhi-NCR market and aims to have presence in 20 major cities over the next three-four years.
In October, the Bengaluru-based firm raised $50 million in Series D funding, led by Tiger Global Management, for business expansion. It has raised $121 million since its inception in 2014.
Since its launch in New Delhi, NoBroker.com has already garnered 62,000 consumer registrations and over 27,000 listings on the platform. It has, thus far, facilitated over 1100 deals in the region.
On operational front, co-founder Amit Kumar Agarwal said the company is facilitating 20,000 transactions per month, of which 85 per cent are for rental. Asked about revenue model, Agarwal explained that the company earns money by charging for premium service which is providing a phone relatio ..