Everything Akhil Gupta said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Gupta: Indian real estate brokers are untrusted and viewed as 'half goons'
“Because, broker pe toh koi trust hini karta hai indiya ke andar. Everybody is shit scared of the broker, and these guys are like, kind of half goons.”
Gupta: Building tech in-house is always much cheaper in the long run
“Sometimes it might have taken us a little longer, but building in longer run always becomes much, much, much cheaper.”
Gupta: NoBroker still holds its entire $210M funding round unspent
“The last round what we raised last November on a billion dollar value, that is all lying in our bank. So, two hundred and ten million dollars is what we raised. We have more than two hundred and ten million dollars in our bank.”
Gupta: Building a meaningful startup takes 8 to 10 years
“This is the fact. No one can become two, four, five years.”
Gupta: NoBroker's 22 million users makes it India's largest real estate platform
“We have like, 2.2 crore customers who have used us. I think, by far the largest.”
Gupta: The brain drain of IIT graduates emigrating has largely stopped
“The brain train, if you talk about nineties, every single IITN from India went out of India. Correct. But that has stopped now to larger extent.”
Gupta: NoBroker is the number one real estate platform in India
“I think we have been able to execute well to be the number one player in India now.”
Gupta: NoBroker's customer acquisition cost will always remain low
“So our CAC has been extremely low. Historically and going forward also, it will always be low.”
Gupta: NoBroker builds proprietary automated boom barriers for society management
“Boom barriers are automatic in the society, and we don't partner with anyone. We have done it ourselves, so that we have the control over the tech.”
Gupta: NoBroker holds 20% to 25% market share in Bangalore
“On core real estate side, in cities like Bangalore, maybe we have 20, 25% market share, but we want to increase it to 60, 70%.”
Gupta: I am fundamentally against tech employees moonlighting
“Let's say I'm against moonlighting. So, but that was a different kind of moonlighting, actually, where I had told my manager that I'm doing something, and I never let my work even in Oracle suffered for that particular thing.”
Gupta: Maturing a new city market takes 2.5 to 3 years
“Typically ڈھائی سے تین سال لگتا ہے ایک سٹی کو mature ہوکے grow ہوکے decent پیسا کرنے میں sufficient mass build کرنے میں”
Gupta: Bangalore rental prices near IT hubs surged 40% to 80% post-COVID
“So if you see the houses, the flats, near to the hubs of IIT, the prices have gone up drastically. To give you the number, it has gone up by anywhere between 40% to 80%.”
Gupta: Rental prices will not drop, but growth will moderate
“Rentals will not go down, but it will not increase at this pace.”
Gupta: Strong IIT graduates easily earn 200,000 rupees monthly
“A good IATN from a good college, they can easily make two lakh rupees per month, which is not a small money.”
Gupta: NoBroker raised $3M from SAIF Partners (Elevation Capital)
“So we had raised three million from SAP Partners, which is now Elevation.”
Gupta: Every employee worked the day after broker mob attack
“The next day, not even single employee took a leave. Everybody showed up. And I think that was the most defining moment for us.”
Gupta: COVID dropped transactions to zero before a two-day remote pivot
“As COVID came, we saw our everything, all the transactions coming down to zero, moving such big team to their house and enabling them to work from their house. And again, we were like, I'll say lucky or smart enough to ensure that we have the tech in our contr…”
Gupta: NoBroker allows NRIs to rent and register Indian properties remotely
“We started ensuring that even NRI doesn't have to fly back to India. Being in US, you can rent your house and get it registered with the government approved rental agreement also.”
Gupta: Modern IIT resumes regularly feature founder and CEO experience
“So the way CVs have changed. When we were, what did we write? I mean, becoming a general secretary of hostel, institute, that was a big achievement. It's a great extracurricular activity. On that basis, companies will be shortlisting. You love it. So this was …”