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Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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NoBrokerHood to invest Rs 150 crore for expansion, launch services in 50 new cities by June 2021

The expansion is estimated to provide secure living services to about 1,00,000 housing societies spread across these regions

Representative Image

Representative Image

NoBrokerHood, the visitor, society and payments management app by NoBroker.com, has set aside Rs 150 crore towards its expansion plans and is set to launch its services in 50 new cities such as Surat, Chandigarh, Coimbatore, Raipur, Lucknow, Vizag, among others over the next six months.

The expansion is estimated to provide secure and convenient living services to about 100,000 housing societies spread across these regions, the company said.

It is currently available in 11 cities, the new expansion drive will see the innovative app making inroads in high-density urban markets.

When the first lockdowns were implemented, the app launched a grocery store overnight to help people procure daily essentials by partnering with grocery giants such as Bigbasket and ITC.

Its array of features to enable residents to mitigate the risk of COVID-19 spread include touchless entry, use of facial recognition to detect residents and frequent visitors such as domestic help, drivers, and other staff, helping them minimize physical contact. The app also comes with a health tracker feature, integrated with Aarogya Setu, to optimize physical distancing efforts at an individual level.

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How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

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“The cities we plan to cover under the next phase of our growth have about 1,00,000 housing societies looking for innovative solutions to the pandemic-induced social distancing and lockdown regulations. We believe that, through our unique value proposition, we can make their residential experience safer as well as more convenient,” said Amit Agarwal, CEO and co-founder, NoBroker.com.
Moneycontrol News
first published: Nov 24, 2020 06:45 pm

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