Startup Funding Alert: 2nd October 2019

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NoBroker raises $50 million in Series D round led by Tiger Global

Tech-based real estate startup NoBroker.com has raised $50 million as a part of its Series D funding round led by Tiger Global Mangement, along with General Atlantic, an existing investor. The firm, with this funding, has raised a cumulative $121 million in equity funding. The recent round of fundraising comes within four months of the firm raising $51 million in Series C led by its existing investor. 

With the fresh capital, the company plans to expand geographically and launch its services in newer cities across the country and accelerate its growth. The platform currently operates in six cities, namely Mumbai, Bengaluru, Pune, Chennai, Hyderabad, and Gurugram. The real estate firm plans to expand its presence across the top 20 cities in India in the next two-three years. NoBroker has been witnessing around 2.8 lakh new registrations each month.

 

Hyderabad-based startup InstaDApp raises $2.4 million led by Pantera Capital

Hyderabad-based startup InstaDApp has raised $2.4 million led by Pantera Capital and other investors like Naval Ravikant, Balaji Srinivasan, Coinbase Ventures, IDEO Colab, Robot Ventures and Kyber Network’s Loi Luu.

The blockchain startup was founded by the young pair of brothers Sowmay Jain, age 21, and Samyak Jain, age 19. The firm aims at building a smart wallet to help its users execute advance transactions through the firm’s DeFi (decentralized finance) platform. 

The startup is a DeFi platform that aggregates major protocols using smart wallet layer and bridging contracts, making it super easy for users to make the best decision about assets and execute the transactions seamlessly. InstaDApp, in the era of the decentralized web, aims at being a window to multiple DeFi services to move assets between them. 

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A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

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