Nobroker.com

Last updated

NoBroker Technologies Solutions Pvt. Ltd.
Real Estate,Technology,E-commerce
FoundedMarch - 2014
FoundersAkhil Gupta, Amit Kumar Agarwal, Saurabh Garg
Headquarters
Bengaluru
,
India
Area served
Bengaluru, Mumbai, Pune, Chennai, Hyderabad, Delhi-NCR
ServicesProperty services
Website www.nobroker.in

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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References

  1. "Tech in Asia - Connecting Asia's startup ecosystem".
  2. "Why you need NoBroker to find your dream house". e27.
  3. "NoBroker.com to expand to 5 more cities this year".
  4. "NoBroker.com ventures into property resale | Forbes India". Forbes India. Retrieved 6 October 2017.
  5. Sriram Sharma. "Seven Startups That'll Help You Find a House, Without a Broker". NDTV Gadgets360.com.
  6. "Absence of organised players in the house rental space gives newbies like NoBroker, Grabhouse, others a perfect space". The Economic Times.
  7. "Peer-To-Peer Rental Service NoBroker Grabs $3M To Battle India's Property Brokers". TechCrunch. AOL. 22 February 2015.
  8. "Forbes India Magazine - NoBroker.com ventures into property resale".
  9. "Property listing site NoBroker enters re-sale market". The Economic Times.
  10. "India's NoBroker Lands $10M To Make Property Agents Obsolete". TechCrunch. AOL. 24 February 2016.
  11. 1 2 "No Broker website and app to rent houses more easily". TechnoTreats.
  12. Mihir Dalal. "NoBroker launches mobile app". Live Mint.
  13. Mihir Dalal. "NoBroker office attacked in Bengaluru". Live Mint.
  14. "Disrupting the disruptors: mob of angry real estate agents attacks Indian startup NoBroker". Tech in Asia. 15 September 2015. Retrieved 10 December 2020.