Nobroker.com

NoBroker Technologies Solutions Pvt. Ltd.
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, Gurugram
Services Property - Rent,Sell,Buy, Packers And Movers, Rent \ Lease Agreement
Website www.nobroker.com

NoBroker.com is a Bangalore based real estate search portal that connects flat owners and tenants directly with each other.[1][2] The company does not charge any brokerage from either parties.[3] Founded in 2014, the company has 4 lac users, which it claims are genuine owners and home seekers. It is operational in 5 cities namely, Mumbai, Bangalore, Pune, Chennai and Gurugram[4].[5][6]

NoBroker was founded by IIT and IIM Ahmedabad graduates, Amit Kumar Agarwal, Akhil Gupta & Saurabh Garg because they claimed that brokers do not add value in the real estate transaction and still charge heavy brokerage.[1][2][6] NoBroker claims to work on the backbone of a technology that identifies and bans brokers. Early 2014 NoBroker started operations in Mumbai.[7] As on date NoBroker has operations in Mumbai, Bangalore, Pune, Chennai and Gurugram.[8][9]

In February 2014, the company raised $3M in series A from SAIF Partners and Fulcrum Venture India, venture capital companies in India.[3][10] NoBroker had started as a rental platform but it recently forayed into brokerage free buy/sell property as well.[11][12] In February 2016 NoBroker has closed series B funding of $10M from Japan-based BeeNext.[13]

NoBroker.com created an algorithm which identifies and bans brokers from the portal.[14] They offer services like creating and registering rental agreements and getting it home delivered.[14] The company also has an Android app with a crowd sourcing feature called 'click and earn'.[15]

According to some media reports the company’s office in Bangalore was attacked by local brokers.[16]

References

  1. 1 2 "Tech in Asia - Connecting Asia's startup ecosystem".
  2. 1 2 "Why you need NoBroker to find your dream house". e27.
  3. 1 2 "Absence of organised players in the house rental space gives newbies like NoBroker, Grabhouse, others a perfect space". The Economic Times.
  4. ↑ "NoBroker.com to expand to 5 more cities this year".
  5. ↑ "NoBroker.com ventures into property resale | Forbes India". Forbes India. Retrieved 2017-10-06.
  6. 1 2 Sriram Sharma. "Seven Startups That'll Help You Find a House, Without a Broker". NDTV Gadgets360.com.
  7. ↑ "Tech in Asia - Connecting Asia's startup ecosystem".
  8. ↑ "Realty portal NoBroker enters Chennai". The Times of India.
  9. ↑ Mihir Dalal. "NoBroker to expand to 20 cities in six months to boost supply". Live Mint.
  10. ↑ "Peer-To-Peer Rental Service NoBroker Grabs $3M To Battle India's Property Brokers". TechCrunch. AOL. 22 February 2015.
  11. ↑ "Forbes India Magazine - NoBroker.com ventures into property resale".
  12. ↑ "Property listing site NoBroker enters re-sale market". The Economic Times.
  13. ↑ "India's NoBroker Lands $10M To Make Property Agents Obsolete". TechCrunch. AOL. 24 February 2016.
  14. 1 2 "No Broker website and app to rent houses more easily". TechnoTreats.
  15. ↑ Mihir Dalal. "NoBroker launches mobile app". Live Mint.
  16. ↑ Mihir Dalal. "NoBroker office attacked in Bengaluru". Live Mint.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.