Unicorn NoBroker aims to be profitable in 8-10 months; FY26 revenue crosses Rs 1,000 crore: CEO

Dubai-based proptech startup NoBroker.com, a unicorn, reported a revenue surge of Rs 1,000 crore in the last fiscal year, as declared by the company's CEO, Amit Kumar Agarwal. The Bengaluru-based platform, established in 2013, provides a listing service for properties to be rented, bought, or sold, with no brokerage fees attached for customers. Agarwal further mentioned that the company anticipates attaining profitability within the next 8-10 months, despite the final financial figures under audit.

In the past fiscal year, NoBroker.com's revenue surged from Rs 888 crore to Rs 965 crore, bringing a reduction in losses by 25-30% to approximately Rs 300 crore. The company's focus is primarily on expansion and achieving profitability, with no plans for raising funds from investors or going public at this stage. NoBroker.com also operates additional services such as movers and packers, housing society management through its NoBrokerHood app, and home services, providing a comprehensive platform for its users' real estate journey.

Currently active in six cities - Bengaluru, Mumbai, Pune, Hyderabad, Chennai, and Delhi-NCR - NoBroker.com has also extended its society management platform, NoBrokerHood, to 11 cities. Serving over 25,000 housing societies and 48 lakh families, the company has made significant strides since becoming a unicorn in November 2021 through a $210 million funding round led by General Atlantic and Tiger Global, making it the first proptech unicorn.