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Tag: NoBroker.com

  • NoBroker.com adds $30 mn to series D from General Atlantic

    NoBroker.com adds $30 mn to series D from General Atlantic

    MUMBAI: NoBroker.com today announced that it has added USD $30 million to its series D funding taking it to $80 million. This brings the total funding raised by NoBroker to USD $151 million.  The round was led by General Atlantic. This is an extension to its series D funding round of $50 million in October 2019 which was led by Tiger Global and General Atlantic had also participated in that round.

    NoBroker.com is seeking to improve user experience in the real estate industry by making transactions more convenient and affordable. More than 35 lakh properties are already registered on NoBroker and more than 85 lakh individuals have used NoBroker services.

    General Atlantic MD Shantanu Rastogi said, “NoBroker's service and product innovations to improve choice, reduce transactions costs, enhance transparency and deliver convenience are driving significant organic listings and subscriptions on its platform. NoBroker Pay, NoBroker Hood, NoBroker Home Services and several such innovations are deepening the engagement of owners, tenants, buyers and community residents with its platform making it a go-to-destination beyond its core offering of rental and sale transactions. We are excited to back Akhil, Amit and Saurabh in strengthening their leadership position in this huge segment.”

    NoBroker is a one-stop shop for the entire real estate transaction journey ranging from rental, sale or resale to post transaction services like loan, packers and movers, legal documentation, online rent payment, interiors etc.

    NoBroker launched its operations in Delhi-NCR in November 2019 and currently operates across six cities including Mumbai, Bangalore, Pune, Chennai, Hyderabad and Delhi-NCR.  NoBroker  had  acquired  society management and ERP solutions company Society Connect in an all-cash deal in February 2020 to strengthen their Visitor and Society Management app NoBrokerHood, making it a single app that any society would need.

    “NoBroker is making the entire real-estate transaction journey seamless with the help of technology. The huge amount of data we generate on the platform helps us to use machine learning and artificial intelligence leading to faster closures and customise offerings for every customer. The support provided to us by our investors is a testimonial to our ongoing tech innovation. We will further invest in our financial services to make them accessible to more people,” said NoBroker.com CTO and co-founder Akhil Gupta.

    Focus on making the entire transaction easy and affordable for the customers has ensured that NoBroker has gained strong traction in its current cities of operations and the business is currently adding more than 350,000 new users every month.

    “We  are  dedicated  to solve  a problem that  is  unique  to India and  build  India’s largest  real-estate  technology platform that makes transactions affordable and hassle-free. We have been tripling our revenue every year and this funding will help us further improve user experience and enable faster deal closures. We will continue to add value  across  the  user  journey  with  continuous  investment  in  our  home  store  and  NoBrokerHood,”  said NoBroker.com CEO and co-founder Amit Kumar.

    NoBroker.com CBO and co-founder Saurabh Garg said, “We are encouraged by the confidence that General Atlantic has placed in us. We are focused on building India’s largest one-stop platform for all real estate needs. Our growth across verticals tells that our unique model is solving a real customer problem. This funding will help us expand to new cities and also go deeper in the existing cities and service more customers. We will also invest further in our sales vertical."

  • NoBroker.com launches new TVC to lure more buyers

    NoBroker.com launches new TVC to lure more buyers

    MUMBAI: NoBroker.com, peer-to-peer real estate platform, recently launched a multi-city campaign to highlight its strength in buy/sell category after having established its leadership in the rental space.  Conceptualised and created by BlueBot films, the TVC breaks the perception that NoBroker is just a rental platform by positioning it as a first choice for buying a home.

    As much as Rs 120,000 crore is spent as real estate brokerage in India every year.  NoBroker enables better matchmaking between prospective buyers and sellers to drive significant savings in terms of time, money, and effort.

    As per NoBroker.com’s latest real estate report, as many as 64% tenants are looking to buy a house in 2020. Launched across the cities- Mumbai, Pune, Bangalore, and Chennai, Hyderabad and Delhi-NCR, the ad campaign targets buyers through multiple mediums. The campaign would be seen across National and Regional GEC, News and Movies. To augment the efficacy, the films are dubbed into respective vernacular languages for regional markets. The campaign would get amplified on digital and social platforms through multiple short format films and creatives. The campaign’s hashtag is #BuyBinaBrokerage.

    "NoBroker helps save over INR 1200 crores in brokerage annually. It sells over 1500 properties a month. We are already leaders in rental category across cities where we are present. This campaign would position us as a leader in the buy/sell space as well," Co-founder and CBO of Nobroker.com Saurabh Garg said. 

    Siva Prasad, Director Marketing at NoBroker.com said, “This campaign is designed to break the perception that NoBroker is just a rental platform by positioning it as a first choice for buying a home. We are targeting buyers who are financially smart and appreciate a more autonomous and brokerage-free process of buying a property.”

    NoBroker.com is a one-stop shop for home buying and associated needs such as home-loans, legal advice and interiors. In a short span since its launch, NoBroker.com has disrupted the Indian residential and commercial real estate markets through its innovative peer-to-peer approach. Leveraging cutting-edge technologies and AI-assisted tools, the platform eliminates brokers from the property search and discovery value chain to facilitate direct connections between property owners and property seekers. The platform has also introduced several unique features to address information asymmetry and to deliver end-to-end real estate solutions to its customers. The platform has been consistently featured amongst the most disruptive tech start-ups in India.

  • NoBroker.com launches new TVC highlighting its core strengths

    NoBroker.com launches new TVC highlighting its core strengths

    MUMBAI: One of India's largest peer-to-peer real estate platforms, NoBroker.com has recently launched a multicity campaign to highlight its strength in buy/sell category after having established its leadership in the rental space.  Conceptualised and created by BlueBot films, the TVC breaks the perception that NoBroker is just a rental platform by positioning it as a first choice for buying a home.

    As much as INR 1,20,000 crores is spent as real estate brokerage in India every year.  NoBroker enables better matchmaking between prospective buyers and sellers to drive significant savings in terms of time, money, and effort.

    As per NoBroker.com’s latest real estate report, as many as 64% tenants are looking to buy a house in 2020. Launched across the cities- Mumbai, Pune, Bangalore, and Chennai, Hyderabad and Delhi-NCR, the ad campaign targets buyers through multiple mediums. The campaign would be seen across National and Regional GEC, News and Movies. To augment the efficacy, the films are dubbed into respective vernacular languages for regional markets. The campaign would get amplified on digital and social platforms through multiple short format films and creatives. The campaign’s hashtag is #BuyBinaBrokerage.

    Commenting on the latest campaign, Nobroker.com co-founder and CBO Saurabh Garg said, " NoBroker helps save over INR 1200 crores in brokerage annually. It sells over 1500 properties a month. We are already leaders in rental category across cities where we are present. This campaign would position us as a leader in the buy/sell space as well." 

    Siva Prasad, Director Marketing at NoBroker.com said, “This campaign is designed to break the perception that NoBroker is just a rental platform by positioning it as a first choice for buying a home. We are targeting buyers who are financially smart and appreciate a more autonomous and brokerage-free process of buying a property.”