Banaglore-based property start-up has No Broker has received an early Christmas present, gaining $7 million in funding to expand its service.
The company, who connects property owners with prospective buyers or rental tenants directly with no need for a broker, initially closed a $10 million Series B funding round in January - the new raise is an extension of that.
Korea's KTB Ventures led the funding round and received participation from existing backers SAIF Partners, Beenext and Digital Garage.
No Broker's founders Amit Agarwal and Akhil Gupta told TechCrunch that they didn’t need the capital but were keen to tap into KTB Ventures’ experience and further strengthen their finances.
“It’s good to beef up [the balance sheet] a little bit so we can invest in more marketing and becoming number one in India,” the duo said.