NoBroker.com is a Bangalore based real estate search portal that connects flat owners and tenants directly with each other. The company does not charge any brokerage from either parties.
NoBroker is a new and disruptive force in the Real Estate Industry. mission is to lead India’s real estate industry, towards an era of doing real estate transactions in a convenient and brokerage-free manner.
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. Early 2014 NoBroker started operations in Mumbai, India. As on date NoBroker has operations in Mumbai, Bangalore, Pune and Chennai.
NoBroker enables owners and tenants to interact with each other directly by using our technologically advanced platform. The company currently save it's customers over 250 crores per year in brokerage.
NoBroker.com created an algorithm which identifies and bans brokers from the portal. They offer services like creating and registering rental agreements and getting it home delivered. The company also has an Android app with a crowd sourcing feature called 'click and earn'.
NoBroker's investors include General Atlantic, Tiger Global Management, KTB Ventures, BEENEXT, Qualgro VC and others. The company raised $50M from a "Series D" financing on Oct 02, 2019. The latest financing brings NoBroker's total funding to $121M to date.