Hi Buddy,
I read in a news daily that when the NoBroker founders, Akhil Gupta, Amit Kumar Agarwal, and Saurabh Garg, decided to develop a tech-based brokerage-free real estate marketplace in 2013, obtaining a billion-dollar valuation seemed impossible.
Visit the home page of NoBroker for buying and selling property. Assist yourself with legal advice and property document verification from NoBroker legal assistance service Generate an online rental agreement through NoBroker. Sit back and get your sale agreement done by NoBrokerThat's why, in November 2021, when the business raised $ 210 million in Series E funding to become the first proptech unicorn, it wasn't a time to celebrate a milestone, but a time to reflect on how far the IIT graduates had gone.
An Indian startup that is transforming the way millions of people in the country rent or buy apartments has become the newest South Asian unicorn.
NoBroker business modelNoBroker is a digital peer-to-peer marketplace that connects homeowners/sellers and potential tenants/buyers directly without the use of a broker. Customers wishing to buy, sell, or rent a home might use a subscription-based business model.
NoBroker revenue models:
Tenant's freemium model
blueprint for liberty
Plan to unwind
Money-back guarantee
Apart from that, NoBroker provides a wide range of home services, including packers and movers, house cleaning, house painting, interior design, and much more. These are also significant revenue sources for NoBroker.
NoBroker was founded in 2013 by Indian Institute of Technology alumni Amit, Akhil Gupta, and Saurabh Garg as a property listing platform for rentals. It has since expanded to include various other services, as well as a community management app called NoBrokerHood.
NoBroker, an online real estate brokerage, has raised $210 million in a new round of fundraising headed by previous investors General Atlantic and Tiger Global Management, as well as new investor Moore Strategic Ventures. The deal gives the company a $1 billion valuation, making it India's first prop-tech unicorn. So far, NoBroker has raised $361 million. I am providing the company highlights below,
Company Name | NoBroker |
Headquarters | Bangalore |
Founders | Saurabh Garg, Akhil Gupta, Amit Kumar Agarwal |
Founded | 2013 |
Sector | Real Estate |
Pitch | NoBroker is a disruptive brokerage-free real estate service that eliminates the intermediary in rent/buy/sell transactions. |
Employees | 1000+ |
Total Funding | $424.5 million (November 2021) |
Registered Name | NoBroker Technologies Solutions Private Limited |
I conclude my answer about NoBroker and NoBroker founders. I hope this helps:)
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Want To Download NoBroker. Com Can I Join As Contractors In NoBroker?One of my friends, Arun, suggested the name NoBroker when I moved to Bangalore. Since then, I've been consistently using their services. I was able to obtain my rental home through them. Some of the basic NoBroker company details are as follows;
Amit Kumar Agarwal, Saurabh Garg, Akhil Gupta
092417 00000
Bangalore, Mumbai, Pune, Hyderabad, Chennai, Delhi-NCR, Gurgaon, Faridabad, Ghaziabad, Faridabad, Greater Noida.
Visit the home page of NoBroker to check out properties to buy/ sell /rentNoBroker founded in 2014, is a real estate search portal, which connects flat owners and tenants directly. Being a happy client, I am so thankful to this company for providing top-notch quality services. I am immensely happy about the success of NoBroker becoming a Unicorn. They have shown creativity and unwavering will on their journey to become unicorn.
The revolutionary business strategy of NoBroker, which does away with middlemen in real estate transactions, is one of the main factors contributing to its unicorn status. I can attest to the pain of paying high brokerage fees and dealing with unethical behaviour because I had firsthand experience dealing with brokers during my own flat hunt.
Real estate transactions, which include the subscription plans that clients purchase from them, are the cornerstone of the basic revenue model of NoBroker. This doesn't even cover a small portion of what a broker charges. In addition, it covers home, financial, and property management services.
Recently, Google's India Digitization Fund contributed $5 million to the brokerage-free real estate platform NoBroker.com. This amount will be used by them to create new features.
NoBroker 's ability to solve a real problem in the real estate market, its unwavering commitment to customer satisfaction, and its focus on leveraging technology for efficiency and transparency have been the driving forces behind its remarkable success.
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How did NoBroker become a Unicorn?
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November 23, 2021
2021-11-23T15:54:03+00:00 2021-11-24T15:44:24+00:00Comment
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