StartUp NewsTechnology raised $10 million last month aims to invest wisely


NoBroker is a Indian startup that plans to reserve a part of raised funds and effectively organize the expenditure module. is an online platform for those who are looking for equitable house on rent without brokerage. The startup raised $10 million in February. The startup aims to expand in different cities offer hassle free rent properties platform. The startups plan to use the fund wisely. That’s one of the reasons the startup is able to sustain for longer period and does not plan to raise funds in the next two years.

Internet based tech startups’ do get good acclamation by investors, but due to challenges the funds dries up fast and force startups to step ahead for more. in this part plays wisely by going with a slow rate of investment and also having some returns on the existing funds.  With $10 million funding the startup is implementing methods to make the service better and efficient.

It has also plan to put some amount reserve in bonds with annual returns.  It has already reserved $3million in debt fund raised before. Managing the funds and keeping the flow steady is a challenging task for new startup. Due to expenses and high growth rate, startups have to spend on getting the best resources that sometime led to uncontrollable expenses.

According to Amit Kumar who is the CEO and Co-Founder the funds will be utilized slowly to curb upcoming expenditure. So that the company don’t has to land into raising funds early. The startup will incorporate the revenue to share the expenditure burden that will help to keep the funds in debt fund for longer period.


  • com reserves investment to avoid funding rising in the next couple of years.
  • The startup will play wisely on the expenditure part by utilizing a part of revenue and keeping raised funds in debt/bond.

Get Free Email Updates!

Signup now and receive an email once I publish new content.

I agree to have my personal information transfered to ConvertKit ( more information )

I will never give away, trade or sell your email address. You can unsubscribe at any time.

The Author

Startup-Buzz Team

Startup-Buzz Team

Startup-buzz Team is a collaborative group of entrepreneurs, researchers, writers and experienced professionals. Tied up together to bring the latest Startup Buzz going around the globe.

Previous post

FixNix raised $500,000 in Pre-series A funding

Next post

Checklist, does your startup qualify in Startup Action plan