NoBroker
We invested in NoBroker when they were operating in only 15 neighbourhoods of Mumbai with less than 50 new listings per day
NoBroker is India's largest C2C real estate marketplace for residential and commercial properties across rental and sale transactions. The platform eliminates brokers or agents from real estate transactions by connecting transacting parties directly. It also provides related services like rental agreements, packers and movers, rent-pay, insurance etc. We believed in their vision of using technology to eliminate middlemen from real estate transactions who charge a commission of up to 20% primarily due to information asymmetry, and invested in NoBroker when they were operating in only 15 neighbourhoods of Mumbai with less than 50 new listings per day.
