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Real Estate,Technology,E-commerce | |
Founded | March - 2014 |
Founders | Akhil Gupta, Amit Kumar Agarwal, Saurabh Garg |
Headquarters | Bengaluru , India |
Area served | Bengaluru, Mumbai, Pune, Chennai, Hyderabad, Delhi-NCR |
Services | Property services |
Website | www |
NoBroker is a Bangalore based real estate search portal that connects property owners & tenants and buyers and sellers directly. [1] [2] It is currently operational in 11 cities namely, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Gurgaon, Ghaziabad, Faridabad, Delhi, Noida, Greater Noida. [3] . [4] [5] It has also expanded operations in commercial sector.
NoBroker was founded in 2014 by IIT and IIM IIM Ahmedabad alumni Amit Kumar Agarwal, Akhil Gupta & Saurabh Garg.
The company has raised a total funding of $ 214.5 million. It raised $ 20 million in Series A and B from SAIF Partners, KTB Ventures, and Beenext. [6] [7] NoBroker started as a rental platform but began offering brokerage fee-free services to buy and sell property. [8] [9] It raised 51 million in Series C round led by General Atlantic in June 2019 and $ 50 million in Series D led by Tiger Global in October 2019. Anand Chandrasekaran and Vijay Shekhar Sharma are also investors in the company. [10]
NoBroker created an algorithm which identifies and bans brokers from the portal. [11] Their services include creating and registering rental agreements, and delivering the executed agreements to both parties. [11] The company is operated on both app and web. [12]
In September 2020, a mob of angry local brokers attacked the company’s office in Bangalore, to protest being excluded from the company's platform. [13] [14]
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