Nobroker

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Nobroker

The company was founded in 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 , the company expanded its operations to include the resale of properties. NoBroker's broker-free operation is based on consumer-to-consumer C2C marketplace model. A machine learning algorithm then determines the suitable rental amount based on listing attributes, livability score, and historical data. As of , the company clocks more than 5 00, transactions yearly, and more than 75 lakh properties are registered on the portal. In May , NoBroker secures financial support from Google to enhance its home search and society management services. In late , 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. In , 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. Contents move to sidebar hide. Article Talk. Read Edit View history. Tools Tools.

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An Indian startup that is improving the way millions of people in the nation lease or buy an apartment is the latest firm to become a unicorn in the South Asian market. There was no secondary transaction — that is, sales of shares by any existing investors including the founders — in the new funding round, the founders said. NoBroker helps people looking to buy or lease an apartment avoid brokers, thus avoiding brokerage fees. The startup has more than 7. Over the years, NoBroker has expanded to several additional categories, including financial services to offer customers help with securing the rent, for instance , and home services such as cleaning, fulfilling furniture needs and movers and packers. These services are also independently available to customers who have not rented or bought a place from NoBroker platform. NoBroker now also operates a service, called NoBrokerhood, that is aimed at communities to stay connected and manage and keep track of visitors. NoBrokerhood, which also allows society residents to buy and sell items from each other, competes with some of the offerings of MyGate, which is also backed by Tiger Global. The new funding follows months of strong growth as Indian states relaxed lockdown restrictions earlier this year and mobility resumed.

Nobroker

The company was founded in 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 , the company expanded its operations to include the resale of properties. NoBroker's broker-free operation is based on consumer-to-consumer C2C marketplace model. A machine learning algorithm then determines the suitable rental amount based on listing attributes, livability score, and historical data. As of , the company clocks more than 5 00, transactions yearly, and more than 75 lakh properties are registered on the portal. In May , NoBroker secures financial support from Google to enhance its home search and society management services.

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