NoBroker and MyGate have each filed authorized circumstances towards one another in a stunning improvement between the 2 Indian startups. Real property search portal NoBroker and gated-community administration app MyGate have accused one another of stealing their proprietary buyer database. Both Bengaluru-based startups have filed first data studies (FIRs) towards one another for the alleged theft.
NoBroker accused MyGate of stealing the database of its built-in customer, neighborhood, and fee administration app NoBrokerHood that competes with MyGate’s enterprise mannequin. The startup mentioned in a press release that the rival made a number of makes an attempt to achieve entry to the database and chased its shoppers to promote them the providers supplied by the MyGate platform. An FIR was filed on Monday, a duplicate of which has been seen by Gadgets 360.
“We have concrete proof and call recordings of how they have stolen our data, and we had to file a police complaint against them,” NoBroker mentioned 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, alternatively, registered an identical case towards NoBroker with the Cyber Crime Division of the Bengaluru Police on June 19, a duplicate of which has additionally been seen by Gadgets 360. A authorized discover was additionally despatched to NoBroker on June 12, accusing the latter of manipulating MyGate’s confidential information.
“Over the past several months, we have received numerous complaints from our employees as well as our customers regarding NoBroker’s unethical and illegal acts,” Vijay Arisetty, CEO and Co-Founder, MyGate, mentioned in a ready assertion.
Both NoBroker and MyGate have additionally began inner investigations and are working with their authorized groups to take subsequent steps.
Coincidentally, each NoBroker and MyGate have New York-headquartered Tiger Global Management as one among their lead traders. However, NoBroker additionally contains General Atlantic, Rocketship.vc, SAIF Partners, and BEENEXT as a few of its key traders, whereas MyGate has JSCapital, Prime Venture Partners, and China’s Tencent Holdings on its board.
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