Property portal NoBroker acquires Society Connect

February 13, 2020
Share this Post: 

This acquisition is among the first by NoBroker since it launched in 2014.

Real estate portal NoBroker, which raised $101 million in Series C and D rounds last year, has acquired Gurugram-based Society Connect in an all-cash deal.

With this acquisition, NoBroker aims to further strengthen its influence in the visitor and community management space, where it has already established a presence with its app NoBrokerHood. This is NoBroker’s first acquisition since its inception in 2014. The financial details of the acquisition were not disclosed.

This acquisition — wrapped up in two months without the involvement of any banker — comes two months after NoBroker launched its services in Delhi-NCR.

Society Connect is a technology mapped platform for society management, with a strong position in Delhi-NCR and adjoining regions with over 500 societies (apartment complexes) using its platform. All 28 employees of Society Connect will now join NoBroker’s 800-strong team.

Akhil Gupta, Co-Founder and CTO of, said:

“Society Connect’s accounting and payment solutions are unparalleled and will strengthen NoBrokerHood’s suite of services, to make it a single software for a host of services such as accounting, facility management, security, maintenance requests, communication and visitor management requests that enhance the living experience in societies."

Read more here

February 13, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Ringier Ag
Ringier (Switzerland) Agrees to Acquire 100% of Shares in Ringier One Africa Media

Swiss-based media company Ringier AG—owner of around 130 subsidiary businesses including real estate online marketplaces—has agreed to acquire almost 100%...

Read More
Funding Roundup Wynwood Homesfy
More Funding Rounds Closed as Wynwood House and Homesfy Plan Major Expansions in LATAM and India Respectively

Hot after news that UK-based Giraffe360 and Finnish iBuyer Rive each completed multi-million funding rounds, two more companies have announced...

Read More
Boomin Chain
Mortgage Advice Bureau Writes off Boomin Investment as the Failed Portal Publicises its £10M Debts

The Mortgage Advice Bureau (MAB) has written off its £2.5m investment in Boomin, the UK portal that went bust last...

Read More
Shutterstock 601941827
Zoopla and OnTheMarket Rule Out Price Breaks for Struggling Agents

British property portals Zoopla and OnTheMarket have ruled out enacting price breaks for agents struggling with the cost of living...

Read More

Editor's Pick