2023

Disintermediation of Real Estate Industry

Entrant Company

NoBroker Technologies Solutions Pvt Ltd

Category

Company & Organization - Real Estate

Client's Name

Country / Region

India

India's FIRST & ONLY PropTech Unicorn, founded in 2014 with the goal of removing middlemen from real estate transactions, has established itself as the ONLY integrated player and the largest C2C platform in the world. In addition to primary services such as buying, selling, and renting properties, NoBroker operates over 15+ categories and has served more than 26 million customers to date.

In the 9+ years of its existence, NoBroker has saved more than USD 1.81 billion in brokerage from the pockets of the general public. Once its primary services gained momentum, the company ventured into other allied services, becoming India’s only integrated platform offering all core and allied real estate services.

Recognizing the market potential of Home Services and Financial Services (USD 155 Billion in India), and aligning with its core offering, NoBroker ventured into these areas. Today, NoBroker offers services such as digital rental agreements, packers and movers, home renovation/interior, appliance servicing, home loan assistance, and society and property management services.

Although the real estate market is still largely offline, with about 88% of all transactions happening through offline brokers, NoBroker dominates the online market with cutting-edge AI/ML algorithms, capturing 83% of the online market share while serving in only 6 major cities. NoBroker is a market leader in Core Real Estate and Packers and Movers.

Over 9+ years, the company has disrupted real estate transactions by eliminating intermediaries. Prior to NoBroker, real estate transactions lacked transparency, incurred hefty brokerage fees, suffered from inefficiency, and had information asymmetry. NoBroker has addressed these issues, enabling a transaction from posting a property to finding a tenant/buyer and creating an agreement to occur within 6 hours. NoBroker uses state-of-the-art technology to provide the best possible match for users' requirements and continuously evolves based on customer feedback, introducing industry-first features and solutions for customers.

 
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Entrant Company

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Category

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Country / Region

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Entrant Company

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Category

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Country / Region

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Entrant Company

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Category

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Country / Region

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Entrant Company

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Category

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Country / Region

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