Gupta: COVID dropped transactions to zero before a two-day remote pivot
Akhil Gupta · Is India's Real Estate Industry Doomed? | NoBroker IITian Founder on The Neon Show · Dec 19, 2022 · at 12:41
Akhil Gupta, co-founder of NoBroker, recounts the operational challenges the startup faced at the onset of the COVID-19 lockdowns in India.
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“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 control. So within two days, we were able to enable everybody to work from home.”
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More from Akhil Gupta
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.”