NoBrokerHood is a subsidiary of NoBroker, India's first prop-tech unicorn. Founded in 2018, NoBrokerHood is a technology platform for visitor, community, and finance & asset management that makes life secure and trouble-free for gated societies. The platform is beneficial for all the stakeholders of society - administrators, members of the management committee, guards, and residents.
NoBrokerHood was founded by NoBroker in 2018 to fill the gap left in community living solutions. Its parent company, NoBroker, was founded by IIT-IIM alumni Amit Kumar Agarwal, Saurabh Garg, and Akhil Gupta in 2013. NoBrokerHood's expansion has been phenomenally fast since its inception, making its presence felt in various cities of India.
NoBroker had raised $210 million in a Series E funding round in November 2021, valuing the company at $1 billion and establishing it as the first proptech unicorn from India. The funding round had investors including General Atlantic, Tiger Global Management, and Moore Strategic Ventures. NoBrokerHood also received a further $5 million in funding from Google Development Corp in March 2023, making its total funding stand at $361 million.
Visitor and Security Management: The GuardHood App enhances security management at society gates.
Resident Services: A dedicated app for residents to manage their homes, track visitor entry/exit, and connect with the community.
Admin Dashboard: Allows community admins to manage the space, approve residents, send notices, and handle complaints.
Financial Management: Integrated accounting and payment solutions for societies.
Communication Forums: Enables user-to-user conversations and interactions within the community.
NoBroker bought Society Connect, a Gurugram-based apartment management solution, in February 2020. The acquisition helped NoBrokerHood consolidate its position in visitor and community management by integrating Society Connect's ERP system. The acquisition added 500 residential societies to NoBrokerHood
Enhanced data privacy and security measures, including ISO 27001, GDPR, and PCI DSS certifications.
Integration of CometChat to improve user engagement and communication within the app.
NoBrokerHood emphasizes innovation, security, and user-centric design. The company prioritizes data privacy and has implemented strict security measures to protect user information. NoBrokerHood also focuses on providing comprehensive training and support to its users, including security guards and management committees.
As of 2023, NoBrokerHood secures over 50 lakh families across 21,000+ societies. The platform has shown significant growth, with plans to expand to 100,000 societies within two years101. NoBrokerHood's user base is diverse, including technophobes and non-tech-savvy individuals like security personnel, elderly residents, and maintenance staff.
