The Neon Show Disrupting real estate market with Amit Agarwal, Founder, NoBroker
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