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NoBroker Reviews

Bengaluru, Karnataka

4.3/ 5

3 reviews

NoBroker is a prominent Indian property technology (proptech) company that operates an intermediary-free, customer-to-customer (C2C) real estate marketplace. Founded in late 2013 by Indian Institute of Technology (IIT) and Indian Institute of Management (IIM) alumni Akhil Gupta, Amit Kumar Agarwal, and Saurabh Garg, the platform officially launched in March 2014. Headquartered in Bengaluru, Karnataka, NoBroker was established with a mission to eliminate information asymmetry, eliminate high transaction costs, and remove the need for traditional real estate brokers who typically charge hefty commission fees—often equivalent to one or two months of rent. The company's core business model operates on a freemium and subscription-based framework. Property owners and landlords can list their residential or commercial properties on the digital platform for free. Tenants and buyers can explore these verified listings without incurring any brokerage fees. To generate revenue, NoBroker offers customized premium subscription plans that provide value-added benefits, such as verified leads, dedicated relationship managers, assistance with property visits, and comprehensive documentation support. Beyond its core property search and matching vertical, NoBroker has evolved into a comprehensive real estate ecosystem by capturing the entire customer lifecycle. The platform offers an array of home and financial services, including packers and movers, legal documentation, automated rent payments through credit cards (NoBroker Pay), home loans, home interiors, painting, and cleaning services. Additionally, the company launched NoBrokerHood in 2018, a tech-enabled visitor, security, and community management application tailored for gated societies. By 2026, the NoBrokerHood ecosystem grew to manage over 20,000 to 25,000 societies across India, further diversifying the company's recurring revenue streams. NoBroker leverages advanced technology, artificial intelligence, and machine learning algorithms to enhance user experience and maintain marketplace integrity. Notable innovations include its AI-powered "Rentometer," which utilizes historical transaction data to produce highly accurate property rent estimates, and a proprietary broker-detection patent designed to identify and ban fraudulent agent listings. As a pioneer in the Indian proptech sector, NoBroker achieved unicorn status in November 2021 after completing a major Series E funding round, making it India’s first proptech unicorn. The platform has raised over $430 million in total funding from top-tier global investors, including General Atlantic, Tiger Global Management, Moore Strategic Ventures, Elevation Capital, and Beenext. Operating across major Indian metropolitan areas—including Bengaluru, Mumbai, Pune, Chennai, Hyderabad, and Delhi-NCR—the platform serves a cumulative customer base of over 20 million registered users. Through its disruptive, technology-driven marketplace, NoBroker has successfully facilitated millions of direct property connections and saved Indian consumers billions of rupees in brokerage fees.