Inside NoBroker's success story
Saurabh Garg startedin 2014 after being unable to find a house that didn't require him to pay brokerage on classifieds and rental platforms.
He, along with Amit Kumar Agarwal and Akhil Gupta, was inspired by how consumer internet platforms such ashad eased movie ticketing and had eased travel booking.
“Nowhere in the world people pay for real-estate transactions upfront, but we thought if the customers and the home owners like our product, they will pay,” Amit Kumar Agarwal, Co-founder and CEO of NoBroker.com, told Shradha Sharma, Founder and CEO of YourStory Media, at TechSparks 2021, India's most influential startup-tech conference hosted by YourStory.
So far, NoBroker has raised $150 million from investors like General Atlantic, Tiger Global and others. The platform has also tied up with banks to enable payment of rent using credit cards, which will earn them extra credit and rewards.
Akhil also added that the platform also relies on technology to drive some of the other services, such as predicting the rent of a place for owners and suggesting other areas nearby within budget for potential tenants.
Check out YourStory's full coverage of TechSparks 2021 here.
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Before you go, stay inspired with…
Priya Mohan, Startup Sensei, Venture Highway.
“I choose people first and businesses later. Companies succeed because you back phenomenal founders.”