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{{Short description|Indian proptech company}}
{{Use dmy dates|date=May 2025}}
{{Use Indian English|date=May 2025}}
{{Infobox company
| name = NoBroker Technologies Solutions
| logo = File:NoBroker_New_Logo.png
| type = [[Privately held company|Private]]
| industry = [[Information technology|Informational technology & services]]
| fate =
| predecessor = 
| successor = 
| founded = 2013
| ISIN = INE08M103013
| founder = 
| defunct = 
| hq_location_city = [[Bangalore]], [[Karnataka]]
| hq_location_country = [[India]]
| area_served = 
| key_people = Akhil Gupta <br> Amit Kumar Agarwal <br>Saurabh Garg
| products = Real-estate services, Consumer services
| owner = 
| num_employees =
| num_employees_year = 
| parent =
| website = {{URL|https://www.nobroker.in/}}
}}

'''NoBroker''' is an Indian [[property technology|proptech]] company that runs a real estate [[marketplace]].<ref>{{Cite web |last=Singh |first=Manish |date=2021-11-23 |title=NoBroker becomes India's first proptech unicorn with fresh $210 million funding |url=https://techcrunch.com/2021/11/23/nobroker-becomes-first-indian-proptech-unicorn-with-fresh-210-million-funding/ |access-date=2023-11-11 |website=[[TechCrunch]] |language=en-US}}</ref>

Contrary to its original motives, the company began charging property owners a subscription fee to access additional tenant data in Bengaluru and Chennai straying away from its no-brokerage policy.<ref name="Ken"/>

== History ==

The company was founded in 2013 by Indian Institute of Technology alumni Akhil Gupta, Amit Kumar Agarwal, and Saurabh Garg as a real estate search portal connecting flat owners and tenants. In October 2015, the company expanded its operations to include the resale of properties.<ref>{{Cite web |last=Venkatesh |first=Shruti |date=27 October 2015 |title=NoBroker.com Ventures Into Property Resale |url=https://www.forbesindia.com/article/checkin/nobroker.com-ventures-into-property-resale/41409/1 |access-date=2023-11-11 |website=[[Forbes India]] |language=en}}</ref> In November 2021, it became 36th unicorn in India for that year.<ref name=":0">{{Cite web |last=Shanthi |first=S. |date=2022-01-13 |title=NoBroker's Journey To Becoming India's First Proptech Unicorn |url=https://www.entrepreneur.com/en-in/news-and-trends/nobrokers-journey-to-becoming-indias-first-proptech/412932 |access-date=2023-11-11 |website=[[Entrepreneur (magazine)|Entrepreneur]] |language=en}}</ref>

NoBroker's broker-free operation is based on [[Consumer to consumer|consumer-to-consumer]] (C2C) marketplace model.<ref>{{Cite book |last=Sinha |first=Suveen K. |url=https://books.google.com/books?id=L5JBDgAAQBAJ&q=NoBroker&pg=PT146 |title=The Tip of the Iceberg: The Unknown Truth Behind India's Start-Ups |date=2016-08-16 |publisher=[[Random House|Penguin UK]] |isbn=978-93-86057-53-2 |language=en}}</ref><ref>{{Cite web |last=Meghani |first=Varsha |title=How NoBroker Turned House-hunting On Its Head |url=https://www.forbesindia.com/article/take-one-big-story-of-the-day/how-nobroker-turned-househunting-on-its-head/72011/1 |access-date=2023-11-11 |website=[[Forbes India]] |language=en}}</ref><ref>{{Cite web |last=Madanapalle |first=Aditya |date=2017-09-11 |title=How NoBroker uses data science and machine learning to help users identify suitable properties |url=https://www.firstpost.com/tech/news-analysis/how-nobroker-uses-data-science-and-machine-learning-to-help-users-identify-suitable-properties-4032419.html |access-date=2023-11-11 |website=[[Firstpost]] |language=en}}</ref>

As of 2022, the company clocks more than 5,00,000 transactions yearly, and more than 75 lakh properties are registered on the portal.<ref name=":0" /> As of 2023, the company's services are available in Bangalore, Chennai, Delhi National Capital Region, Hyderabad, Mumbai, and Pune.<ref>{{Cite web |last=Rudra |first=Tapanjana |date=2022-03-31 |title=Proptech Unicorn NoBroker Enters Home Interiors Market With An INR 100 Cr Budget |url=https://inc42.com/buzz/proptech-unicorn-nobroker-enters-home-interiors-market-with-an-inr-100-cr-budget/ |access-date=2023-11-11 |website=Inc42 Media |language=en}}</ref>

=== Products ===

* NoBrokerhood, a "gated-community" app for society management.<ref>{{Cite web |last=Gupta |first=Arbind |date=12 December 2022 |title=How NoBroker.com changed the course in real estate |url=https://businessindia.co/magazine/how-nobrokercom-changed-the-course-in-real-estate |access-date=2023-11-11 |website=[[Business India]] |language=en}}</ref><ref>{{Cite news |last=Khan |first=Sobia |date=2021-08-16 |title=NoBrokerHood introduces Explore, becomes superapp for neighborhood |work=[[The Economic Times]] |url=https://economictimes.indiatimes.com/industry/services/property-/-cstruction/nobroker-ventures-into-super-app-to-help-homeowners-with-essential-services/articleshow/85365122.cms |access-date=2023-11-11 |issn=0013-0389}}</ref> By 2023, the application became a part of the [[Government of India]]'s [[Open Network for Digital Commerce]].<ref>{{Cite web |last= |first= |date=2023-09-20 |title=NoBrokerHood, a visitor, society and payment management app joins the ONDC network |url=https://www.thehindubusinessline.com/companies/nobrokerhood-a-visitor-society-and-payment-management-app-joins-the-ondc-network/article67325629.ece |access-date=2023-11-11 |website=[[Business Line|The Hindu Business Line]] |language=en}}</ref><ref>{{Cite web |last= |first= |date=2023-09-25 |title=NoBrokerHood Onboards The ONDC Network |url=https://startup.outlookindia.com/investors/nobrokerhood-onboards-the-ondc-network-news-9497 |access-date=2023-11-11 |website=[[Outlook (Indian magazine)|Outlook India]] |language=en}}</ref>
* CallZen.AI, a conversational intelligence tool.<ref>{{Cite web |last= |first= |date=2023-10-13 |title=NoBroker introduces conversational intelligence tool for businesses |url=https://www.thehindubusinessline.com/info-tech/nobroker-introduces-conversational-intelligence-tool-for-businesses/article67415850.ece |access-date=2023-11-11 |website=[[Business Line|The Hindu Business Line]] |language=en}}</ref>

== Funding ==

As of 2023, the company has secured a total of $361 million in funding from investors including [[Tiger Global Management]], [[General Atlantic]], Beenext, KTB Ventures, [[Moore Capital Management]], Elevation Capital, Anand Chandrasekaran, Elevation Capital, [[Vijay Shekhar Sharma]],<ref>{{Cite news |last=Choudhury |first=Deepsekhar |date=24 November 2021 |title=Proptech start-up NoBroker enters unicorn club with $210 mn funding |work=[[Business Standard]] |url=https://www.business-standard.com/article/companies/proptech-start-up-nobroker-enters-unicorn-club-with-210-mn-funding-121112300728_1.html |access-date=11 November 2023}}</ref> and [[Google]].<ref>{{Cite web |last=Paul |first=Binu |date=2023-03-01 |title=Google backs online real estate portal NoBroker |url=https://www.businesstoday.in/latest/corporate/story/google-backs-online-real-estate-portal-nobroker-371916-2023-03-01 |access-date=2023-11-11 |website=[[Business Today (India)|Business Today]] |language=en}}</ref>

== Controversies ==
In late 2015, the Bengaluru office of the company experienced an assault orchestrated by over 40 local property agents and brokers. The group not only threatened the employees but also attempted to physically harm them.<ref>{{Cite news |last=Sarkar |first=Debashis |date=18 September 2015 |title=Sign of things to come? Property brokers rough up NoBroker.in CEO and employees |work=[[The Indian Express]] |url=https://indianexpress.com/article/technology/tech-news-technology/sign-of-things-to-come-property-brokers-rough-up-nobroker-in-ceo-and-employees/ |access-date=11 November 2023}}</ref><ref>{{Cite web |date=2015-09-16 |title=NoBroker office attacked by 40-50 real-estate brokers in Bangalore |url=https://www.financialexpress.com/business/industry-nobroker-office-attacked-by-40-50-brokers-136367/ |access-date=2023-11-11 |website=[[The Financial Express (India)|The Financial Express]] |language=en}}</ref> The brokers had to vacate the premises as staff called in local law enforcement for assistance.<ref>{{Cite web |last=Poovanna |first=Mihir Dalal, Sharan |date=2015-09-15 |title=NoBroker office attacked in Bengaluru |url=https://www.livemint.com/Companies/L4O6Z8weBdn38y5oEtciYI/NoBroker-office-attacked-in-Bengaluru.html |access-date=2023-11-11 |website=[[Mint (newspaper)|Livemint]] |language=en}}</ref>

In 2020, NoBroker initiated legal proceedings against [[MyGate]], alleging that the latter unlawfully acquired NoBroker's exclusive customer database. MyGate was accused of reaching out to NoBrokerHood customers with the intention of promoting its services.<ref>{{Cite web |last=Chengappa |first=Sangeetha |date=2020-06-30 |title=NoBroker, MyGate in legal tangle amid Covid crisis |url=https://www.thehindubusinessline.com/companies/nobroker-mygate-in-legal-tangle-amid-covid-crisis/article31951263.ece |access-date=2023-11-11 |website=[[Business Line|The Hindu Business Line]] |language=en}}</ref> Conversely, MyGate had alleged NoBroker of engaging in comparable data theft.<ref>{{Cite web |last=Bhalla |first=Tarush |date=2020-06-29 |title=NoBroker, myGate accuse each other of data theft, file FIRs |url=https://www.livemint.com/companies/news/nobroker-mygate-accuse-each-other-of-data-theft-file-firs-11593430515328.html |access-date=2023-11-11 |website=[[Mint (newspaper)|mint]] |language=en}}</ref>

A 2024 report by [[The Ken]] revealed that the company has shifted from its original no-brokerage policy and has started charging property owners a subscription fee to access additional tenant data in Bengaluru and Chennai.<ref name="Ken">{{Cite web |last=Bagur |first=Gaurav |date=2024-06-27 |title=Nobroker is no longer no broker |url=https://the-ken.com/story/nobroker-is-no-longer-no-broker/ |access-date=2024-10-21 |website=[[The Ken]] |language=en-US}}</ref> That same year, the publication also reported that the company was involved in anti-competitive practices, attempting to force out competitors like MyGate from various residential communities by offering its society management application for free.<ref>{{Cite web |last=Ramanathan |first=Arundhati |date=2024-01-30 |title=Nobroker wanted to eat Mygate’s lunch. But housing societies had other ideas |url=https://the-ken.com/story/nobroker-wanted-to-eat-mygates-lunch-but-housing-societies-had-other-ideas/ |access-date=2024-10-21 |website=[[The Ken]] |language=en-US}}</ref>

== Publications ==

=== Case studies ===

* {{cite journal |last1=Bajaj |first1=Preeti |date=2017 |title=NoBroker: The Real Estate Disruptor |url=https://www.thecasecentre.org/products/view?id=145047 |journal=[[The Case Centre]] |location=[[New Delhi]] |publisher=Amity University |doi=}}
* {{cite journal |last1=Ramakrishna |first1=N |date=2020 |title=Technology Startups in Real Estate Broking: The Case of NoBroker |url=https://www.researchgate.net/publication/349589699 |journal=Portfolio Organiser |location=[[Pune]] |publisher=[[National Institute of Construction Management and Research]] |volume=XVII |issue=6 |pages=25–31}}
* {{Cite journal |last=Sinha |first=Diksha |date=April 2024 |title=The Evolution of PropTech in India: A Close Examination of NoBroker’s Rise and Challenges |url=https://searchworks.stanford.edu/articles/edsoai__edsoai.on1525534195 |format=Electronic resource |journal=Open Access Cases |publisher=[[OAIster]] |volume=1 |issue=2 |pages=n.p. |issn=3067-0349 |via=[[Stanford University Libraries]]}}

== References ==
{{reflist|30em}}
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{{Online real estate databases}}

[[Category:Information technology companies of India]]
[[Category:Companies based in Bengaluru]]
[[Category:Indian companies established in 2013]]
[[Category:Indian real estate websites]]
[[Category:Online real estate databases]]

NoBroker - Revision history

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