NoBroker and MyGate have each filed authorized instances in opposition to one another in a shocking growth 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 info studies (FIRs) in opposition to one another for the alleged theft.
NoBroker accused MyGate of stealing the database of its built-in customer, neighborhood, and cost administration app NoBrokerHood that competes with MyGate’s enterprise mannequin. The startup stated 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 companies 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 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, then again, 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 Gadgets 360. A authorized discover was additionally despatched to NoBroker on June 12, accusing the latter of manipulating MyGate’s confidential knowledge.
“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, stated 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 in every of their lead traders. However, NoBroker additionally consists of 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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