NoBroker.com, India's leading brokerage-free real estate platform, has surpassed Rs 1,000 crore in revenue for FY26 and aims to achieve profitability within the next 8 to 10 months, according to CEO Amit Kumar Agarwal. The company is focused on scaling its core and ancillary services without pursuing additional fundraising or an IPO at this time.
- Rs 1,000+ crore revenue milestone crossed in FY26
- Profitability expected within 8-10 months
- No plans currently for fresh funding or IPO
What happened
NoBroker.com announced that its revenue for the fiscal year 2025-26 has exceeded Rs 1,000 crore, marking a significant milestone for the Bengaluru-based proptech unicorn. Founded in 2013, the platform operates without charging brokerage fees on property transactions, focusing on listing properties for rent, sale, and purchase across six major Indian cities.
CEO Amit Kumar Agarwal highlighted that the company has steadily reduced losses by 25-30%, down to approximately Rs 300 crore, aided by revenue growth and cost optimization efforts. With strong financial progress, NoBroker is targeting profitability within the upcoming 8 to 10 months without plans to raise additional capital or launch an IPO for now.
Why it matters
NoBroker’s move towards profitability is a critical development in India's proptech ecosystem, showcasing a maturing business model beyond rapid market expansion fueled by external funding. Achieving profitability would reinforce investor confidence and validate new revenue streams integrated into the company’s portfolio, such as society management and home services.
The company’s diversification—covering services like packers and movers, NoBrokerHood society management platform, and home interiors—now contributes roughly half of its total revenue. This balanced revenue mix underlines NoBroker’s ambition to evolve into a comprehensive platform serving multiple facets of real estate and housing needs, positioning it well for future growth and scale.
What to watch next
Market observers should monitor NoBroker’s profitability trajectory over the coming months to see if it can sustain margin improvements alongside continued revenue growth. Updates on expanding its geographic footprint or scaling its ancillary services, particularly NoBrokerHood which is already in 11 cities, will provide insights on its capacity to leverage platform synergies.
Additionally, while NoBroker is currently deferring any plans for fundraising or an initial public offering, its path to profitability could set the stage for an IPO down the line. Stakeholders will watch closely for changes in capital strategy or potential market debut timing once financial targets are met.