Tiger leads $50m round in NoBro­ker

The Times of India (New Delhi edition) - - Times Business -

New

York-based Tiger Global Management has led a $50mil­lion fi­nanc­ing round for on­line real es­tate sell­ing and rent­ing plat­form NoBro­ker, com­ing just four months af­ter the startup raised its pre­vi­ous round of cap­i­tal in June. The trans­ac­tion takes the to­tal cap­i­tal raised by NoBro­ker to $121 mil­lion and the round has also seen the par­tic­i­pa­tion of ex­ist­ing backer, PE firm Gen­eral At­lantic. The deal will close to dou­ble the val­u­a­tion of NoBro­ker to about $300-350 mil­lion from $165 mil­lion in June. The com­pany de­clined to com­ment.

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