Despite the challenges presented by the Covid-19, the tech-driven real estate platform has registered zero job cuts and has also provided salary appraisals
Bengaluru, NFAPost: Undeterred by the current market uncertainty, NoBroker.com, India’s leading online real estate platform, has marked an impressive growth trajectory despite the pandemic by hiring 500 new professionals across its marketing, technology, and business operations verticals.
It has also given a 15% average hike to 200 senior employees and regular quarterly incentives to customer service executives. The company has not laid off any employees and has not deducted salaries either.
NoBroker.com’s growth is driven by several proactive measures taken to counter the effect of the lockdown. Through NoBrokerHood, its visitor, society, and payment management app, it partnered with BigBasket and ITC in the initial phase of the lockdown to – -help residents in housing societies procure groceries and other essentials.
The platform also tied up with PayZapp by HDFC Bank and the State Bank of India to reward its users for making rental and maintenance payments. It also registered a 100% growth in its Packers & Movers business.
Speaking on the team expansion, NoBroker.com Co-founder & CEO Amit Agarwal said at a time when many businesses are forced to shut shop or scale down their operations, the company is fortunate to have grown exponentially.
“Our very passionate team has not allowed the pandemic to impact our growth plans or the livelihoods of our employees. We are rewarding our senior employees, many of whom have been with NoBroker.com since the beginning, with salary hikes for their efforts in driving this growth. We have also expanded our technology, marketing, and business operations teams with new recruits and are looking to further scale up our operations,” said Amit Agarwal.
“These strategic recruitments will help us comprehensively identify and cater to the evolving real estate customers’ needs and provide them with access to best-in-class, tech-enabled real estate services. NoBroker.com is poised to consolidate and increase its presence in more markets across India,” he concluded.
NoBrokerHood has recently launched services in 5 new cities and is looking to expand to 50 cities over the next 6 months.
NoBroker.com is a tech-based brokerage-free real estate platform that makes real estate transactions seamless and efficient. It is removing information asymmetry in the real estate sector in India with the use of cutting-edge technology and innovation.
It participates in the entire user journey starting from the house search to packers & movers, home loans, home painting and cleaning services, legal services, etc. With more than 85 lakh registered users across Bangalore, Mumbai, Pune, Chennai, Hyderabad and Delhi-NCR, it is the world’s largest P2P real estate platform.
Founded by Akhil Gupta from IIT- Bombay, Amit Kumar Agarwal from IIT- Kanpur and IIM- Ahmedabad and Saurabh Garg from IIT – Bombay and IIM – Ahmedabad, NoBroker.com is steadily working towards streamlining India’s largely unorganized real estate industry. The platform has raised a total funding on $151 million from marquee investors such as General Atlantic, Tiger Global, SAIF Partners, Beenext and KTB Ventures.