1 hr ago

NoBroker Revenue Tops ₹1,000 Crore, Targets Profitability Within Months

NoBroker is a company that helps people rent, buy, and sell homes without charging traditional brokerage fees.

It also offers services such as moving, home repairs, interiors, and housing-society management.

The company says it earned more than ₹1,000 crore in the latest fiscal year, although the figures are still being audited.

Its revenue was ₹965 crore in the previous fiscal year.

Its losses have also become smaller.

NoBroker says it wants to start making a profit within 8-10 months.

It is not trying to raise more money or sell shares to the public right now.

The company may consider an IPO after it becomes profitable.

Its NoBrokerHood app serves thousands of housing societies and millions of families.

Key facts

Latest revenue: More than ₹1,000 crore in the latest fiscal year; final figures were still being audited.
Previous reported revenue: ₹965 crore in 2024-25, compared with ₹888 crore in the preceding year.
Reported losses: About ₹300 crore in 2024-25, down 25-30%.
Profitability target: Within the next 8-10 months.
Revenue mix: About 50% comes from the core buy, sell, and rent business; the other 50% comes from services and NoBrokerHood.
NoBroker operating cities: Six cities: Bengaluru, Mumbai, Pune, Hyderabad, Chennai, and Delhi-NCR.
NoBrokerHood reach: More than 25,000 societies and 48 lakh families across 11 cities.
Funding history: NoBroker has raised $361 million, including a $210 million round in November 2021 at a $1 billion valuation.

thehindubusinessline.com · 2 hrs ago