Real estate platform Nobroker aims Rs 1,000 cr revenue in FY24: Co-founder

Nobroker, the real estate platform that directly connects property owners with tenants and buyers, expects to touch Rs 1,000 crore revenue-mark this year as it has been doubling its billing since 2020, one of the co-founders said. Founded by Amit Kumar Agarwal, Akhil Gupta and Saurabh Garg in Bengaluru in 2014, Nobroker was the first proptech unicorn (over USD 1 billion valuation) and is now majority owned by external investors such as Tiger Global, General Atlantic and Elevation Capital which collectively have pumped in over USD 350 million over the years. Late last year, Google too chipped in with USD 3 million for the company. According to the co-founder and chief technology officer Akhil Gupta, now, the promoters collectively own around 20 per cent of the company, which is present only in Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai, and Pune. "We have been doubling our topline since 2020 when we grossed USD 27 million. We do not disclose revenue numbers before filing to t

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