 | |
| Company type | Private |
|---|---|
| ISIN | INE08M103013 |
| Industry | Informational technology & services |
| Founded | 2013 |
| Headquarters | , |
Key people | Akhil Gupta Amit Kumar Agarwal Saurabh Garg |
| Products | Real-estate services, Consumer services |
| Website | www |
NoBroker is a Bangalore-based brokerage-free proptech company that provides all sorts of real estate services under a marketplace, which includes buying, renting, packers & movers, and home services. [1]
The company was founded in 2013 by Indian Institute of Technology alumni Akhil Gupta, Amit Kumar Agarwal, and Saurabh Garg as a real estate search portal directly connecting flat owners and tenants. In October 2015, the company expanded its operations to include the resale of properties. [2] In November 2021, it became 36th unicorn in India for that year. [3]
NoBroker's broker-free operation is based on consumer-to-consumer (C2C) marketplace model. [4] Unlike a business-to-consumer (B2C) model where brokers contribute supply and the startup focuses on demand, a C2C approach necessitates the company to handle both supply and demand. [5] The company's C2C model employs a proprietary property discovery algorithm, considering commute and livability scores, along with property features. A machine learning algorithm then determines the suitable rental amount based on listing attributes, livability score, and historical data. [6]
As of 2022, the company clocks more than 5 00,000 transactions yearly, and more than 75 lakh properties are registered on the portal. [3] Currently, the company's services are available in Ahmedabad, Bangalore, Chennai, Delhi National Capital Region, Hyderabad, Mumbai, and Pune. [7]
To date, the company has secured a total of $361 million in funding from a variety of investors, including Tiger Global Management, General Atlantic, Beenext, KTB Ventures, Moore Capital Management, Elevation Capital, Anand Chandrasekaran, Elevation Capital and Vijay Shekhar Sharma, the founder of Paytm. [13]
In May 2023, NoBroker secures financial support from Google to enhance its home search and society management services. [14]
In late 2015, the Bengaluru office of the company experienced an assault orchestrated by over 40 local property agents and brokers. The group not only threatened the employees but also attempted to physically harm them. [15] [16] The brokers had to vacate the premises as staff called in local law enforcement for assistance. [17]
In 2020, NoBroker initiated legal proceedings against MyGate, alleging that the latter unlawfully acquired NoBroker's exclusive customer database. MyGate was accused of reaching out to NoBrokerHood customers with the intention of promoting its services. [18] Conversely, MyGate had alleged NoBroker of engaging in comparable data theft. [19]
Property management is the operation, control, maintenance, and oversight of real estate and physical property. This can include residential, commercial, and land real estate. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition. This is much akin to the role of management in any business.
Bruhat Bengaluru Mahanagara Palike (BBMP) is the administrative body responsible for civic amenities and some infrastructural assets of the Greater Bengaluru metropolitan area. It is the fourth largest Municipal Corporation in India and is responsible for a population of 8.4 million in an area of 741 km2. Its boundaries have expanded more than 10 times over the last six decades.
Bangalore or Bengaluru, the capital city of the South Indian state of Karnataka, India. The economy of Bengaluru contributes over 43.65% to the economy of the State of Karnataka, accounting for 98% of the Software Exports of the State.
Kempegowda International Airport is an international airport serving Bangalore, the capital of the Indian state of Karnataka. Spread over 4,000 acres (1,600 ha), it is located about 35 km (22 mi) north of the city near the suburb of Devanahalli. It is owned and operated by Bengaluru International Airport Limited (BIAL), a public–private consortium. The airport opened in May 2008 as an alternative to increased congestion at HAL Airport, the original primary commercial airport serving the city. It is named after Kempe Gowda I, the founder of Bangalore. Kempegowda International Airport became Karnataka's first fully solar powered airport, developed by CleanMax Solar.
Jones Lang LaSalle Incorporated (JLL) is a global real estate services company, founded in the United Kingdom with offices in 80 countries. The company also provides investment management services worldwide, including services to institutional and retail investors, and to high-net-worth individuals, as well as technology products through JLL Technologies, and VC investments via its PropTech fund, JLL Spark. The company is ranked 193 on the Fortune 500.
Colliers International Group Inc. is a Canada-based diversified professional services and investment management company with approximately 18,000 employees in more than 400 offices in 65 countries.
Tata Housing Development Company (THDC) is a fully owned subsidiary of Tata Sons, a holding company of the Tata Group.
InMobi is an Indian multinational technology company, based in Bangalore. Its mobile-first platform allows brands, developers and publishers to engage consumers through contextual mobile advertising. The company was founded in 2007 under the name mKhoj by Naveen Tewari, Mohit Saxena, Amit Gupta and Abhay Singhal.
Mantri Developers Pvt. Ltd. is a real estate company in India which has developed properties in Indian cities such as Bengaluru, Chennai, Hyderabad and Pune. Its constructions are used for residential, commercial, retail, hospitality, office, senior-living and educational purposes.
CommonFloor.com is an Indian real estate portal founded in 2007 by three computer science graduates from IIT Roorkee and JSSATE. On 8 January 2015, CommonFloor received funding from Google Capital. On 7 January 2016, the classifieds advertising platform Quikr announced that they have acquired CommonFloor.com.
Housing.com is a Mumbai-based real estate search portal which allows customers to search for housing based on geography, number of rooms, and various other filters. The company has 6,000 brokers and serves 40 cities in India including Chennai, Mumbai, Bengaluru, Kolkata and Delhi.
Property technology is used to refer to the application of information technology and platform economics to the real estate industry. Property technology overlaps with financial technology, including uses like online payment and booking systems. Grammatically, the portmanteau "proptech" is formed from two common nouns: "property" and "technology." As such, capitalizing it is grammatically incorrect.
Embassy Group or Embassy Property Developments Pvt. Ltd is a privately held real estate developer based in Bengaluru, Karnataka, India established in 1993. The group is into real estate development for verticals like commercial, residential, hospitality, industrial warehouse spaces, services, retail and education. The company has developed projects in many Indian cities like Bengaluru, Chennai, Hyderabad, Pune, Coimbatore, Trivandrum etc. and two countries abroad. Embassy Group is headed by Jitu Virwani, Chairman & Managing Director of the group. Embassy also operates a real estate investment trust (REIT), called Embassy Office Parks REIT. Embassy Office Parks is the first listed REIT in India and the Asia's largest office REIT by area.
Rapido is an Indian ride-hailing service, which primarily operates as a bike taxi aggregator. Its offerings also include auto rickshaw and taxicab hailing, parcel delivery, and third-party logistics services. Founded in 2015, the company is based in Bangalore and operates in over 100 cities, but has run into legal troubles in several locations where bike taxis are not legal.
EaseMyTrip, is an Indian multinational online travel company, headquartered in New Delhi, India. It was founded in 2008 by Nishant Pitti, Rikant Pitti, and Prashant Pitti. The company provides hotel bookings, air tickets, domestic and international holiday packages, bus bookings, and white-label services. EaseMyTrip has overseas offices in Singapore, UAE and Thailand with country-specific websites for UAE, UK and Thailand.
Mygate is an app created to manage security and community living in housing societies. The app was launched in 2016, and as of November 2021, it claimed to serve over 25,000 housing societies across 27 cities in India. Mygate is owned by Vivish Technologies and headquartered in Bangalore.
RMZ Corp is a privately-owned global alternative asset owner, headquartered in Bengaluru, Karnataka ,India. The company has developed projects in multiple cities in India, including Bengaluru, Chennai, Hyderabad, Delhi NCR, Pune, and Mumbai The company has a portfolio of real assets spanning a total of 70 million square feet.
Open Network for Digital Commerce (ONDC), is a public-goverment owned non-profit Section 8 company established by the Department for Promotion of Industry and Internal Trade (DPIIT) of Government of India to develop open e-commerce. It was incorporated on 31 December 2021 with initial investment from Quality Council of India and Protean eGov Technologies Limited.
Nikhil Kamath is an Indian entrepreneur and investor. He is the co-founder of Zerodha, a retail stockbroker, and True Beacon, an asset management company. Kamath is a part of the 2023 Forbes billionaires list.
Nirupa Shankar is an Indian serial entrepreneur and athlete, and the joint managing director of Brigade Group, a publicly traded real estate company based in Bengaluru, Karnataka. She is the daughter of M. R. Jaishankar, who serves as the executive chairman of the company. Before her appointment as Joint Managing Director, she served as the executive director. In 2016, she launched Asia's first real estate accelerator, the Brigade Real Estate Accelerator Program (REAP), an initiative to help high-tech start-ups in the real estate sector.
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