NoBroker and MyGate have each filed authorized circumstances in opposition to one another in a stunning growth between the 2 Indian startups. Actual property search portal NoBroker and gated-community administration app MyGate have accused one another of stealing their proprietary buyer database. Each Bengaluru-based startups have filed first info reviews (FIRs) in opposition to one another for the alleged theft.
NoBroker accused MyGate of stealing the database of its built-in customer, group, and cost administration app NoBrokerHood that competes with MyGate’s enterprise mannequin. The startup stated in an announcement that the rival made a number of makes an attempt to achieve entry to the database and chased its shoppers to promote them the companies supplied by the MyGate platform. An FIR was filed on Monday, a duplicate of which has been seen by Devices 360.
“We have now concrete proof and name recordings of how they’ve stolen our knowledge, and we needed to file a police grievance in opposition to them,” NoBroker stated in a media assertion though it has not shared particulars.
The FIR filed by NoBroker on the Bellandur Police Station included the names of all MyGate co-founders.
MyGate, however, registered an identical case in opposition to NoBroker with the Cyber Crime Division of the Bengaluru Police on June 19, a duplicate of which has additionally been seen by Devices 360. A authorized discover was additionally despatched to NoBroker on June 12, accusing the latter of manipulating MyGate’s confidential knowledge.
“Over the previous a number of months, we’ve got acquired quite a few complaints from our workers in addition to our clients relating to NoBroker’s unethical and unlawful acts,” Vijay Arisetty, CEO and Co-Founder, MyGate, stated in a ready assertion.
Each NoBroker and MyGate have additionally began inside investigations and are working with their authorized groups to take subsequent steps.
Coincidentally, each NoBroker and MyGate have New York-headquartered Tiger World Administration as one in every of their lead traders. Nonetheless, NoBroker additionally consists of Normal Atlantic, Rocketship.vc, SAIF Companions, and BEENEXT as a few of its key traders, whereas MyGate has JSCapital, Prime Enterprise Companions, and China’s Tencent Holdings on its board.
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