NoBroker is targeting profitability within the next eight to 10 months after its revenue crossed Rs 1,000 crore, co-founder and chief executive officer Amit Kumar Agarwal said in an interview reported by Business Standard on September 6.
The Bengaluru-based proptech company, founded in 2013, operates a property platform for renting, buying and selling homes without charging customers traditional brokerage fees. It has expanded beyond listings into movers and packers, home interiors, home services and housing-society management through its NoBrokerHood application.
Agarwal said the company’s revenue had risen to Rs 965 crore in 2024-25 from Rs 888 crore in the preceding year. Its losses declined by 25-30 per cent to about Rs 300 crore during the period, according to the report. The company’s revenue for the latest fiscal year has crossed Rs 1,000 crore, although its final figures are still being audited.
“Our revenue has crossed Rs 1,000 crore although the final numbers are still being audited. We continue making strong progress towards profitability,” Agarwal said, according to the report. He attributed the reduction in losses to higher revenue and cost optimisation.
The company is currently prioritising profitability and is not seeking fresh funding from investors or planning an initial public offering, Agarwal said. A public listing could be considered after the company becomes profitable.
NoBroker’s revenue is divided broadly between its core property business and newer service verticals. About half comes from buying, selling and renting, including paid plans that offer customers better leads, while the remaining revenue comes from movers and packers, home interiors, NoBrokerHood and home services.
The company operates its property business in Bengaluru, Mumbai, Pune, Hyderabad, Chennai and Delhi-NCR. Its NoBrokerHood society-management platform is present in 11 cities and serves more than 25,000 housing societies and 48 lakh families, the report said.
NoBroker became a unicorn in November 2021 after raising $210 million from investors including General Atlantic and Tiger Global at a valuation of $1 billion. It has raised $361 million so far, according to the company’s account cited in the report.
The shift towards multiple housing-related services reflects the company’s effort to build a broader platform around the residential property journey. Its immediate stated milestone, however, remains achieving profitability within the next eight to 10 months, followed by a possible decision on an initial public offering.
