<ul><li><keyword id="2739029" type="General" weightage="20" keywordseo="nobroker" source="Orion">NoBroker</keyword> came into existence 7 years back when its founders had bad experiences with brokers.</li><li>What started as a service in 2 cities has now expanded to 6, and the platform aims to reach out to the top 50 Indian cities in the next 3-4 years.</li><li>We speak to <keyword id="262315" type="General" weightage="20" keywordseo="saurabh-garg" source="Orion">Saurabh Garg</keyword>, Co founder &amp; CBO, NoBroker who talks to us about the platform’s journey so far and what the next few years will look like for the platform.</li></ul>How many of you have rented, bought or sold a house and have absolutely hated the experience of paying brokerage? And if you are from places like Mumbai, chances are you have paid brokerage to the same broker for numerous years, even if you have not moved houses. For years, information asymmetry has forced many of us to unwillingly resort to using the services of brokers. It is this consumer problem that NoBroker identified and tried to solve by creating its platform over 7 years back, which came into existence from the personal experiences of the founding members. Fast forward 7 years, NoBroker has now expanded from simply connecting buyers and sellers or homeowners and tenants to even offering services like painting, cleaning, Movers and Packers, Home Sanitization to even AC Service &amp; Repair and Pest Control. It has also expanded to six major urban centers. The platform is now looking at ringing in its next phase of growth and recently launched a high decibel campaign to educate people about its buy-sell proposition. “We have been around for around 7 years now and a lot of our growth has come from word-of-mouth. However, there is also latent demand. People hate paying brokerage, and that’s where we have come in, and addressed a pain-point almost all of us have gone through,” said Saurabh Garg, Co founder &amp; CBO, NoBroker. Today, the platform claims to handle $2 billion worth of transactions on its platform annually. “Currently, we do nearly 50,000 rental transactions every month and around 4,500 buy-sell transactions, which is a much larger number in comparison to most of our competitors,” shared Garg. For now, the platform wants to focus on its buy and sell offering and wants to grow the number manifold. The campaign While NoBroker had earlier released a rental campaign, it was primarily aimed at targeting home owners rather than people looking for rent. The platform, over the years, has used digital advertising more. It has also come up with a lot of regional communication. But with the current campaign, the aim is to talk to a larger audience. <div type="Youtube" id="4y5Xve6LLNg" title="NoBroker Nahi Kiya Kya?" thumbUrl="https://i.ytimg.com/vi/4y5Xve6LLNg/mqdefault.jpg"></div> “While word-of-mouth has been an important driver for us, the latent demand for our offerings has helped us carve a space for ourselves. We listened to our consumers and solved a problem they had been struggling with. Currently, almost 65-70% of our customers come to us organically, without us doing any kind of marketing which is a big advantage for us. However, we thought it was a good time to come up with the campaign because people still feel we are very large in the rental space, but we are now very large in buy and sell too. We do 4,500 transactions in buy and sell every month which almost amounts to Rs 3,000 crore worth of transactions every month. So our objective behind the campaign was to tell everyone that we are pretty big in the buy and sell segment too. NoBroker came into existence because we did not want people to pay brokerage, our aim was to make the process easier and more convenient. Our ad aims to introduce NoBroker as a friend who will help you buy and sell in a more hassle-free way,” explained Garg. Expansion plans When NoBroker had been launched, it had started as a website. A mobile app followed a few years later. It started its operations in two cities, Mumbai and Bangalore. From there, NoBroker is today present in 6 large cities. The aim is to grow its presence substantially in the next few years. “We think this problem related to brokers exists in the top 50 cities in India. So, in the next 3-4 years, we want to go to the top 50 cities and solve the problem across rental, resale, or new sales. We also think that our proposition of non-brokerage clubbed with a one-stop shop works really well because as you move to smaller cities, getting professional services is also a big problem. Services like painting, movers and packers etc play a critical role in the entire real-estate journey and we are trying to make it a painless process, a one-stop shop. Our aim is to make it as seamless for our consumers as possible. We also want to ensure that when someone is availing a service on our platform, there is a certain level of quality and it is done in a proper manner. The future NoBroker had announced in April last year that it had raised $30 million (Rs 230 crore) in its series D round of funding that was led by General Atlantic. Right now, from a communication perspective, the platform will continue to talk about its increasing market share in the buy and sell segment. The aim is to increase the number of transactions drastically in the coming years. “The number of listings we have for buy and sell are much larger than a lot of other platforms. The task at hand for us is to make people aware of our play in the space and to figure out if we can take the 4500 closures to 3X that number in a year. We do resale and primary, which is also a very big business for us. So driving traction on sales and taking it from here to a very large business will be our key focus. Secondly, we want to keep on increasing our market share because when that happens, you are able to give more options to consumers, whether it is a buyer or tenant. So we will aim at going deeper into the cities. Thirdly, we will also focus on identifying pain-points and offering services to make the process easier for them. Over a period of time, we have realized that rent agreement, packers and movers and painting are pain-points, so we have added those services. People can also pay rent on our platform. So our endeavour would be to keep removing our consumers’ pain-points by adding important services so that we can make our consumers’ journey seamless. Also, <keyword id="9264124" type="General" weightage="20" keywordseo="nobrokerhood" source="Orion">NoBrokerhood</keyword>, our society management app has also gained a lot of traction so that is also something we will keep investing on,” concluded Garg.

Almost 65-70% of our customers come to us organically, without us doing any kind of marketing: Saurabh Garg, NoBroker

Mumbai, Apr 8 () Property portal NoBroker on Wednesday said it has launched grocery services on its integrated visitor and community management app NoBrokerHood to enable society residents to order daily essentials at their doorstep in wake of the lockdown due to COVID-19 pandemic. The company has already started delivering groceries in cities like Bengaluru, Pune, Chennai, and Hyderabad, and plans to soon extend the service to other cities including Delhi and Mumbai. "NoBrokerHood's grocery foray comes at a time when grocery segment is experiencing high demand amid lockdown and consumers are pressed for daily needs. This will help overcome the hardship that people are undergoing for the groceries during the lockdown," company's co-founder Akhil Gupta said in a statement. Under this, society residents can just place the order on the app and volunteers within the society can consolidate the orders and ensure a smooth delivery by buying it from bigBasket B2B and ITC. Launched in 2018, the app offers services and features which enable users to manage multiple activities inside residential buildings, housing societies, and gated communities, ranging from finding domestic help to monitoring visitor entry and pre-authorising guest visits with a one-time password. Earlier this year, NoBrokerHood acquired Society Connect, a technology mapped platform for society management to combine the latter's ERP efficiencies with its own suite of services. PSK RVK

COVID-19: NoBrokerHood launches grocery services for society residents

New Delhi, Feb 11 () Realty portal NoBroker on Tuesday said it has acquired Society Connect for an undisclosed amount.Society Connect, a startup founded in 2016, is a technology mapped platform for society management. It has a major presence in the national capital region.NoBroker said in a statement that it has acquired Society Connect in an all cash deal, but did not disclosed the amount."With the acquisition, NoBroker aims to further strengthen its hold in the visitor and community management space where it already has a strong presence with its app NoBrokerHood," it added.The company will hire all Society Connect's employees to combine efficiencies of their ERP (enterprise resource planning) system along with its own visitor and community management app NoBrokerHood.NoBroker.com is a tech-enabled brokerage-free real estate platform. It has so far raised USD 121 million through several rounds of funding.It participates in the entire user journey starting from the house search to packers &amp; movers, home loans, rental agreements, cleaning services, and NoBroker Pay. It has more than 7.5 million registered users. MJH BAL

NoBroker acquires Society Connect

<ul><li>In April, startups across sectors that are seeing high activity right now during the coronavirus lockdown announced their fundraise. </li><li>From grocery to news aggregation to foodtech saw money flowing in.</li><li>However, the coronavirus pandemic has slowed down the investment flow in India as in the first three months of 2020, VC <keyword id="1391756" type="PERSON" weightage="20" keywordseo="Investments-in-India">investments in India</keyword> dipped to $2.2 billion.</li></ul>The coronavirus pandemic has slowed down investments in India. In the first three months of 2020, VC investments in India dipped to $2.2 billion, according to KPMG, after $6 billion in the last quarter of 2019. Even then, startups from some sectors like edtech, financial tech, foodtech, and more will find their way through the crisis, believe investors. In an earlier interview with Business Insider, Vani Kola, MD of Kalaari Capital, had said that there is no endless funding available right now and what that automatically means is that companies that have solid unit economics and a management team that can inspire confidence, are very agile, have the capacity to work through chaos will be able to get funds. <div type="Article" hostid="261" msid="74839671" title="EXCLUSIVE: Coronavirus crisis will give birth to unimaginable ideas and next-gen leaders, says a top Indian VC Vani Kola" mstype="2" mssubtype="0"></div> And that was proved in the month of April as startups across sectors that are seeing high activity right now announced their fundraise. Here are the top 10 startup funding in April <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"><colgroup></colgroup><col /><col /><col /><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Money raised in April </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Last known valuation </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BigBasket </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$110 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">&gt;$1 billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">DailyHunt </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$59.6 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$625 million </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">MedGenome </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$55 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">undisclosed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rebel Foods </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$50 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$700 million </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Swiggy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$43 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$3.6 billion </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">NoBroker </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$39 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$361 million </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FarEye </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$25 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">undisclosed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">JusPay </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$21.6 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">undisclosed </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Vedantu </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$20 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$280 million </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Bira91 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$20 million </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$246 million </td></tr></tbody></table> <keyword id="964794" type="COMPANY" weightage="20" keywordseo="BigBasket">BigBasket</keyword>: With grocery delivery at an all time high during the coronavirus pandemic, BigBasket’s funding news came as no surprise. The startup which turned unicorn in 2019, raised $50 million in debt funding from Alibaba, while also raising $60 million as a bridge round from Alibaba, South Korea’s Mirae Asset and UK-development finance institution CDC Group. The startup also acquired the hyperlocal delivery startup DailyNinja. DailyHunt: The news aggregator app DailyHunt announced a $59.6 million in funding in April. The Series G round was led by the New York-based investment firm Falcon Edge and also saw participation from Advent Capital Management, Chinese tech giant ByteDance and Goldman Sachs. According to reports, the startup has raised another $36 million in early May at a valuation of $625 million. MedGenome: Genetics research company MedGenome raised $55 million. The company offers genomic solutions in immuno-oncology, diabetes, ophthalmology and other rare diseases. Its $55 million funding round was led by Leapfrog investments. MedGenome was founded in 2013 by Sam Santhosh. The startup is headquartered in California, USA and also runs a lab in Bengaluru, India. Rebel Foods: The cloud kitchen startup Rebel Foods which runs brands like Faasos, Behrouz Biryani among others raised $50 million from US hedge fund Coatue Management. According to <a href="https://entrackr.com/2020/04/exclusive-rebel-foods-valuation-jumps-to-700-mn-fresh-50-mn-round/">reports</a>, the funding took the company’s valuation to $700 million, making it the third highest valued foodtech company in India. <keyword id="6358977" type="UNKNOWN" weightage="20" keywordseo="swiggy">Swiggy</keyword>: Foodtech unicorn Swiggy announced that it raised an additional $43 million as a part of its ongoing Series I round. The size of the round now stands at $156 million. Along with existing investor Tencent, new investors Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets participated in this round. NoBroker: NoBroker.com raised $30 million in its ongoing series D round from General Atlantic. This takes the total funds raised in the round to $80 million, after a funding from Tiger Global in late 2019. The real estate platform that helps people find houses had also diversified during the coronavirus lockdown to launch Grocery Store for societies. Through the feature, society residents can just place the order on the NoBrokerHood app and volunteers within the society consolidate the order and ensure a smooth delivery by buying it from bigBasket B2B or ITC. FarEye: Microsoft’s venture fund arm M12 invested in Indian logistics SaaS startup Fareye. The startup raised $25 million in a round that was led by Microsoft with participation from Eight Roads Ventures and Honeywell Ventures. Fareye, founded in 2013, is a predictive logistics platform that enables enterprises to orchestrate, track, and optimize their logistics operations. JusPay: Bengaluru-based payment gateway startup JusPay raised $21.6 million. The round was led by Sweden’s Vostok Emerging Finance (VEF), and also saw participation from Boston-based Wellington Management Company as well as Accel. Vedantu: The online tutoring platform Vedantu raised $20 million in two tranches in April. It bagged $12.5 million from Legend Capital and Omidyar's Ohana Holding, then it went on to raise $6.8 million from South-Korea based KB Global. The funding came in as a part of its Series C1 round. Bira91: The beer startup raised $20 million from Sequoia and Belgium-based investment firm Sofina. The funding is a part of its ongoing series C round. The Ankur Jain-led Bira91 has raised over $130 million in total funding so far. Its last known valuation from 2019 is $246 million. See Also: <a href="https://www.businessinsider.in/business/corporates/news/tech-mahindra-new-deals-full-list/articleshow/75526386.cms">All the new deals signed by Tech Mahindra in the last three months</a>

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Almost 65-70% of our customers come to us organically, without us doing any kind of marketing: Saurabh Garg, NoBroker

Samarpita Banerjee

COVID-19: NoBrokerHood launches grocery services for society residents

PTI

NoBroker acquires Society Connect

PTI

From BigBasket to Swiggy to Nobroker⁠— top ten Indian startups that raised money in April amidst the coronavirus crisis

Sanchita Dash