NoBroker targets profitability in 8–10 months after FY26 revenue crosses ₹1,000 crore
Bengaluru-based proptech platform NoBroker says unaudited FY26 revenue has topped ₹1,000 crore, aided by movers, home interiors, home services and NoBrokerHood. The company aims to turn profitable within 8–10 months after cutting losses by 25–30%.
What happened
Bengaluru-based proptech platform NoBroker says FY26 revenue exceeded ₹1,000 crore and targets profitability within 8-10 months. Growth is increasingly
Key facts
- FY25 revenue: ₹965 crore
- Previous fiscal-year revenue: ₹888 crore
- FY26 revenue: over ₹1,000 crore (unaudited)
- FY25 loss: around ₹300 crore
- Loss reduction: 25-30%
- Profitability target: 8-10 months
- NoBrokerHood: over 25,000 societies and 48 lakh families
- Funding raised: $361 million
- November 2021 funding round: $210 million
- 2021 valuation: $1 billion
- Core buy/sell/rent revenue share: around 50%
- Presence: 6 cities
Why this matters
NoBroker’s expanding home-services ecosystem and approaching profitability make it a more credible partnership or acquisition target for players seeking residential customer access and cross-sell capabilities.
What to watch
- Disclosure of FY26 audited revenue, EBITDA loss, operating cash burn and cash balance.
- Quarterly evidence that loss reduction is continuing rather than being driven by one-time cost cuts.
- Growth in NoBrokerHood paid societies, recurring subscription revenue and vendor-marketplace take rates.
- Contribution margins and cancellation/refund rates in interiors, moving and home services.
- Marketing spend as a share of revenue and any change in lead-generation dependence on paid digital channels.
- New capital raise, debt facility, strategic investor, acquisition or category/geography shutdowns.
- Residential transaction and rental-market trends in Bengaluru, Mumbai, Pune, Hyderabad, Delhi-NCR and Chennai.
- Increase cross-selling from rental and resale leads into movers, cleaning, packers, interiors, loans and society-management services.
- Push NoBrokerHood monetization through paid modules, vendor marketplaces, payments, security and community-service subscriptions.
- Tighten performance marketing, broker acquisition and inside-sales spending to reduce customer-acquisition cost.
- Prioritize profitable cities, customer cohorts and service categories rather than broad geographic expansion.
- Use a near-profitability narrative to improve leverage in fundraising, vendor negotiations and potential strategic-partnership discussions.