The Ledger
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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: 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%.”
Agarwal: A mob of 70 angry brokers stormed NoBroker's office
“Suddenly one day when we were basically in this house, which I told you earlier that we had rented out, we were working and there were some 80 to a hundred employees that our company was big at that point of time. And suddenly we see some 60, 70 brokers standi…”
Gupta: NoBroker raised $3M from SAIF Partners (Elevation Capital)
“So we had raised three million from SAP Partners, which is now Elevation.”
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.”
NoBroker raised $130M in under a year after $20M in five years
“Suddenly from a twenty million dollars in five years, suddenly one thirty million dollars more in, in next less than one year was something which basically gave us a lot more fuel than we had earlier received.”
Agarwal: Grabhouse had the exact same model as NoBroker and led by six months
“Grabhouse.com, which was founded by another very good founder they were doing exactly what we were doing and they were ahead ahead of us by, I would say six months with the bigger numbers, well even more famous investors backing them.”