An Indian startup that is improving the way how millions of people in the nation lease or buy an apartment is the latest firm to become a unicorn in the South Asian market.
NoBroker helps people looking to buy or lease an apartment avoid brokers, thus avoiding brokerage fee. The startup operates in several major Indian cities including Bangalore, Delhi, Pune, and Hyderabad. The startup has over 7.5 million properties listed on its platform and over 16 million people have used its services.
Over the years, NoBroker has expanded to several additional categories including financial services (to offer customers help with securing the rent, for instance), and home services such as cleaning, fulfilling furniture needs and movers and packers. These services are also independently available to customers who have not rented or bought a place from NoBroker platform.