NoBroker is a Indian startup that plans to reserve a part of raised funds and effectively organize the expenditure module.

NoBroker.com is an online platform for those who are looking for equitable house on rent without brokerage. The startup raised $10 million in February. The startup aims to expand in different cities offer hassle free rent properties platform. The startups plan to use the fund wisely. That’s one of the reasons the startup is able to sustain for longer period and does not plan to raise funds in the next two years.

Internet based tech startups’ do get good acclamation by investors, but due to challenges the funds dries up fast and force startups to step ahead for more. NoBroker.com in this part plays wisely by going with a slow rate of investment and also having some returns on the existing funds.  With $10 million funding the startup is implementing methods to make the service better and efficient.

It has also plan to put some amount reserve in bonds with annual returns.  It has already reserved $3million in debt fund raised before. Managing the funds and keeping the flow steady is a challenging task for new startup. Due to expenses and high growth rate, startups have to spend on getting the best resources that sometime led to uncontrollable expenses.

According to Amit Kumar who is the CEO and Co-Founder the funds will be utilized slowly to curb upcoming expenditure. So that the company don’t has to land into raising funds early. The startup will incorporate the revenue to share the expenditure burden that will help to keep the funds in debt fund for longer period.

Takeaways:

• com reserves investment to avoid funding rising in the next couple of years.
• The startup will play wisely on the expenditure part by utilizing a part of revenue and keeping raised funds in debt/bond.