Online real estate platform and rental provider NoBroker has raised another $7 million, or Rs 50 crores through investments by KTB Network and existing investors- SAIF Partners, BEENEXT & Digital Garage. KTB is the venture capital arm of the South Korean major KTB Network. Early this year, KTB had expressed interest in investing in Indian growth stage start-ups and now it seems to have made good on that assurance. This move is also a major boost to the ‘Make in India‘ campaign.
The Economic Times quoted Chun Soo Kim, team manager for investment screening at KTB saying,”India’s domestic market is large, it is growing and has a very young population. We are happy to look at any Indian startup which has expertise in the area and is innovating to disrupt the status quo.”With this new round of funding, the total Series B funding in this round received by NoBroker goes up to $17 million or Rs 122 crores. NoBroker currently has a major presence in big cities like Bengaluru, Chennai and Pune. Amit Agarwal, CEO & Co- Founder, NoBroker.com, said,“This is special because this is the first time that a Korean…