Bangalore-based NoBroker Technologies Solutions Pvt Ltd, the company which runs a peer-to-peer property listings site for renting homes, broker free property search portal has raised $3 million in its Series A funding from Fulcrum Ventures and SAIF Partners.
The company was founded in 2013 by IIT-ians Agrawal and Akhil Gupta. Agrawal has previously been an analyst at Cognizant Technologies, principal consultant at PwC and associate director at Australia New Zealand Bank while Gupta an application engineer at Oracle and technical lead at PeopleFluent.
The fund will likely be used to expand to newer cities and the firm is looking to reach 20 cities in India in two years.
NoBroker focuses on enabling owners and tenants to complete the entire transaction without the assistance of broker. Recently it launched an online rental-agreement feature which can be customized to specific needs of both parties and can be printed for signature and deal-closure.