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Results · Commerce & Consumer Brands

NoBroker aims to be profitable in 8-10 months, FY26 revenue crosses ₹1,000 crore

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NoBroker logo
Date
Company
NoBroker
What it does
real estate platform with no brokerage fees
Kind
Results
Stage
growth
Based in
Bengaluru
Founded
2013
Sector
Commerce & Consumer Brands

What they do

NoBroker is a real estate platform that lists properties for rent, buy, and sell without charging customers brokerage fees

What happened

The company reported revenue of ₹1,000 crore in FY26 and aims to become profitable within 8-10 months

Why it matters

It is expanding into additional services like movers and packers, home interiors, and housing society management through its NoBrokerHood app

The details

  • NoBroker, a real estate platform based in Bengaluru, reported revenue of ₹1,000 crore in FY26 and aims to become profitable within 8-10 months.
  • The company does not charge customers any brokerage fees and operates in 6 cities: Bengaluru, Mumbai, Pune, Hyderabad, Chennai, and Delhi-NCR.
  • It offers additional services like movers and packers, home interiors, and housing society management through its NoBrokerHood app, which operates in 11 cities.
  • NoBroker serves more than 25,000 societies and 48,00,000 families.
  • The company's revenue grew to ₹965 crore in 2024-25 from ₹888 crore in the previous year, reducing losses by 25-30% to around ₹300 crore.
  • NoBroker is not currently looking to raise funds or launch an IPO but may consider it after achieving profitability.
  • The company's revenue is split evenly between its core real estate business and other services like Packers & Movers, NoBrokerHood, home services, and home interiors.

The bigger picture

  • NoBroker is the first unicorn in the proptech sector, having raised $210 million in 2021 at a $1 billion valuation.
  • The company's strategy focuses on expanding into high-potential verticals like home interiors and housing society management to drive growth.
  • Its revenue growth and cost optimization have helped reduce losses significantly, signaling progress toward profitability.

About the business

  • NoBroker is a real estate platform that connects property owners and renters without charging brokerage fees.
  • It operates in 6 cities in India and has a society management app called NoBrokerHood that operates in 11 cities.
  • It also offers additional services like movers and packers, home interiors, and housing society management.
  • NoBroker generates revenue through paid plans for better leads in its core real estate business and from its other services.

What happens next

  • NoBroker aims to become profitable within 8-10 months.
  • The company may consider an IPO after achieving profitability.
  • It plans to expand its services into high-potential verticals like home interiors and housing society management.

The deal

Type
results

Investors

  • General Atlantic (investor) — A global private equity firm that invested in NoBroker in 2021.
  • Tiger Global (investor) — A venture capital firm that invested in NoBroker in 2021.

Founders

  • Amit Kumar Agarwal, co-founder and CEO
  • Akhil Gupta, co-founder
  • Saurabh Garg, co-founder

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