Archive · 13 Sep 2026
NoBroker Builds Real Estate Platform By Cutting Out Brokers
NoBroker was created to help people find homes without using brokers.
Brokers often charge fees, even when they do not add much help.
The founders noticed that online property websites had not removed this problem.
They started NoBroker in 2014 after seeing people connect directly with homeowners through online groups.
The company first operated with a small team in Bengaluru.
Investors were initially unsure whether the idea could become a large business.
Elevation Capital later invested $3 million in 2015.
NoBroker has since added services for buying, selling, renting and managing homes.
The company says its platform has helped people save a large amount of money on brokerage.
Amit Agarwal, Akhil Gupta and Saurabh Garg launched NoBroker in 2014 to help people find homes without paying brokerage fees.
The founders said online property platforms had not solved problems such as misleading listings and continued broker involvement.
NoBroker began in a Bengaluru bungalow with limited marketing and later expanded into buying, selling, renting and home-management services.
Elevation Capital provided NoBroker’s first institutional funding, investing $3 million in two tranches in early 2015.
The company says it has raised $366 million and helped consumers save Rs 28,500 crore in brokerage.
- Who
- Amit Agarwal, Akhil Gupta and Saurabh Garg founded NoBroker.
- What
- NoBroker is a real estate platform designed to help consumers transact without traditional brokers and brokerage fees.
- When
- The company launched in 2014; its first institutional funding arrived in early 2015.
- Where
- NoBroker began in Bengaluru, India, from a bungalow in HSR Layout.
- Why
- The founders wanted to address brokerage fees, misleading property listings and a house-hunting process they considered unnecessarily complicated.
- Founded
- 2014
- Founders
- Amit Agarwal, Akhil Gupta and Saurabh Garg
- Initial location
- A bungalow in HSR Layout, Bengaluru
- First institutional investor
- Elevation Capital
- First institutional funding
- $3 million in two tranches in early 2015
- Total funding raised
- $366 million
- Reported consumer savings
- Rs 28,500 crore in brokerage