NoBroker is shifting its attention from raising capital to making money.
The Bengaluru-based proptech company says its revenue crossed ₹1,000 crore in FY26, while losses have been moving lower. With businesses such as home services, interiors, Packers & Movers and NoBrokerHood contributing alongside its property platform, management now expects the company to turn profitable within eight to 10 months.
The FY26 revenue figure is preliminary. Co-founder and CEO Amit Kumar Agarwal said the final numbers are still under audit.
“Our revenue has crossed Rs 1,000 crore although the final numbers are still being audited. We continue making strong progress towards profitability,” Agarwal told PTI.
For a company that joined India's unicorn club during the peak funding cycle of 2021, the immediate goal is no longer another large capital raise. Agarwal said NoBroker is not looking for fresh funding at present, while plans for a stock-market listing will come after profitability.
Revenue Rises While Losses Narrow
NoBroker entered FY26 after generating ₹965 crore in revenue in FY25, compared with ₹888 crore in the previous financial year.
Its losses have also been coming down.
Agarwal said losses declined by around 25% to 30% in FY25 to approximately ₹300 crore, helped by revenue growth and efforts to optimise costs.
The company is now trying to close the remaining gap.
“We are looking at being profitable within the next 8-10 months,” Agarwal said.
That is a management target rather than a confirmed financial outcome. Reaching it would require NoBroker to maintain growth while keeping expenses under control, particularly as it expands businesses outside its original property marketplace.
NoBroker Is Becoming More Than a Property Platform
Founded in 2013 by Akhil Gupta, Amit Kumar Agarwal and Saurabh Garg, NoBroker started with a simple pitch: connect property owners directly with people looking to rent or buy, reducing the need for a traditional broker.
Its business has since spread well beyond that proposition.
About half of NoBroker's revenue now comes from its core buy, sell and rent operations, according to Agarwal. Customers can use the platform without paying conventional brokerage, while paid plans offer additional services, including access to better leads.
The remaining 50% comes from businesses around the home and residential ecosystem.
Those include Packers & Movers, home interiors, home services and NoBrokerHood, the company's residential society management platform.
“Beyond our core real estate business, high-potential verticals such as Packers & Movers, NoBrokerHood, home services, and home interiors are becoming significant growth engines for us,” Agarwal said.
That revenue mix gives NoBroker more opportunities to earn from a customer than a property transaction alone. Someone finding a home through the platform may also need moving, interior or household services, while NoBrokerHood keeps the company connected to residents after they move in.
NoBrokerHood Reaches 48 Lakh Families
NoBrokerHood has emerged as an important part of that expansion.
According to figures provided by the company, the society management platform operates across 11 cities, covering more than 25,000 housing societies and 48 lakh families.
NoBroker's core real estate platform has a narrower geographical footprint, operating across six major markets: Bengaluru, Mumbai, Pune, Hyderabad, Chennai and Delhi-NCR.
The difference reflects the broader role NoBrokerHood plays in the company's strategy. Rather than focusing only on people actively buying, selling or renting homes, the service gives NoBroker access to residential communities and households on a continuing basis.
For the company, that creates room to cross-sell services while reducing its dependence on the frequency of property transactions.
Profitability Comes Before Another Funding Round
NoBroker's current financial priorities differ sharply from the environment in which it became a unicorn.
The company reached a valuation of $1 billion in November 2021 after raising $210 million from investors including General Atlantic and Tiger Global. It became India's first proptech startup to achieve unicorn status.
NoBroker has raised $361 million in total.
Agarwal said another funding round is not currently on the agenda. Management wants the business to reach profitability using the resources already available.
The same applies to a potential initial public offering.
Rather than attaching a near-term timeline to a listing, Agarwal indicated that NoBroker would first focus on becoming profitable and consider an IPO afterward.
That approach places the company's operating performance, rather than another financing event, at the centre of its next phase.
The ₹1,000 Crore Milestone Comes With a Bigger Test
Crossing ₹1,000 crore in revenue gives NoBroker scale, but the composition of that revenue may matter more for its longer-term prospects.
Only about half now comes from the business on which the company was originally built. The rest is generated through adjacent services that follow customers through different parts of owning, renting and living in a home.
That diversification gives NoBroker several potential sources of growth, but each business also has its own costs and operational demands. Expanding Packers & Movers or home interiors, for example, is different from scaling an online property marketplace.
The company's narrowing losses suggest some progress on that equation, although it was still losing about ₹300 crore in FY25.
NoBroker has now given itself a specific financial target against which that strategy can be measured. If the company reaches profitability within the eight-to-10-month window outlined by Agarwal, it would enter its next phase with a substantially different financial profile from the venture-funded startup that became a unicorn five years ago.
For now, the audited FY26 accounts will provide the next important set of numbers. The ₹1,000 crore-plus revenue figure remains preliminary until that process is completed.
