NoBroker says FY26 revenue crossed ₹1,000 crore; targets profitability in 8–10 months
The Bengaluru proptech unicorn says growth is being led by paid listings, movers and packers, interiors, home services and NoBrokerHood, which serves 25,000+ housing societies and 4.8 million families.
What happened
Bengaluru-based proptech unicorn NoBroker said FY26 revenue exceeded ₹1,000 crore and expects profitability within 8-10 months. Growth is being driven by paid
Key facts
- FY26 revenue exceeded ₹1,000 crore
- FY25 revenue: ₹965 crore
- FY24 revenue: ₹888 crore
- FY25 loss: about ₹300 crore, down 25-30%
- Profitability target: 8-10 months
- NoBrokerHood serves over 25,000 societies and 4.8 million families
- Total funding raised: $361 million
- 2021 funding round: $210 million at $1 billion valuation
Why this matters
NoBrokerHood’s reach across 25,000-plus housing societies and 4.8 million families makes NoBroker a strategically attractive distribution platform for home-services, fintech, insurance and property-management partnerships.
What to watch
- Quarterly revenue growth relative to the FY25 base of ₹965 crore and evidence that growth is accelerating beyond nominal price increases.
- Disclosure of EBITDA, contribution margin, cash burn, customer-acquisition cost and repeat-purchase metrics over the next two to three quarters.
- Paid-listing conversion and transaction volumes in major housing markets, especially Bengaluru and other core metros.
- NoBrokerHood monetization per society/family, retention among its 25,000+ societies, and adoption of payments or resident services.
- Service quality, cancellation rates and gross margins in movers, interiors and home services.
- Competitive pricing and marketing intensity from housing portals, broker networks and horizontal home-services platforms.
- Increase monetization of NoBrokerHood through society-management subscriptions, resident commerce, advertising, payments and service referrals.
- Bundle paid property listings with loans, rentals, movers, interiors and home services to raise revenue per household and reduce acquisition payback periods.
- Tighten spending on discounts, field operations and new-city/category expansion to demonstrate a credible path to contribution-margin improvement.
- Use a profitability milestone to strengthen financing options, improve vendor terms and position for a future liquidity event rather than pursuing growth-at-any-cost.