Disrupting real estate market with Amit Agarwal, Founder, NoBroker

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In this episode, we chat with Amit Kumar Agarwal, NoBroker.

NoBroker, as the name suggests eliminates the middle-man/broker most of us have to go through when we look out for our buy/rent a property.

NoBroker handles $2 billion worth of transactions on its platform every year and claims to have helped save brokerage worth Rs 1,100 crore last year.

During the podcast, Amit shares how he built NoBroker while facing troubles from local brokers and brought it into realization as a broker-free platform at a time when larger competitors like Housing.com and Commonfloor still had brokers on their platform.

Notes -

01:39 - Family background & childhood, shifting cities too often

06:36 - Challenges while beginning with your Startup in your 30s

09:54 - Ideating the concept of NoBroker

13:25 - Approaching VCs for initial funding

14:37 - Investors seeking the existence of a US/China counterpart

22:18 - Choosing BTL advertising over ATL considering the ROI at a premature stage

26:02 - Not expanding too fast to multiple cities

37:43 - Listening to what your customers want

42:58 - Bringing premium Add-on services

47:01 - Changes in his personality as a founder in 0 to 1 & 1 to 100 journey


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