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NoBroker targets profit in 8-10 months
The Economic Times··6 Sept
NoBroker.com revenue crossed Rs 1,000 crore last fiscal, CEO Amit Kumar Agarwal told PTI. He said the Bengaluru firm aims for profit in 8-10 months and is not raising funds or filing an IPO now. Revenue was Rs 965 crore in 2024-25, with losses cut 25-30 percent to about Rs 300 crore. Final figures remain under audit, he said.
Prism
What It Means For You
- NoBroker says it still charges no brokerage on core rent and sale listings.
- Home-service users in six cities remain on the platform while the company chases profit.
- An IPO is off the table until after profitability, Agarwal said.
What's Happening
- About half of revenue comes from buy-sell-rent plans; half from adjacent services, he said.
- NoBrokerHood society management is in 11 cities with more than 25,000 societies.
- The company became a unicorn in November 2021 after a $210 million raise at a $1 billion valuation.
How Large The Platform Is
- NoBroker operates in Bengaluru, Mumbai, Pune, Hyderabad, Chennai, and Delhi-NCR.
- It has raised $361 million to date, Economic Times reported.
- Packers and movers, interiors, and home services are cited as growth engines beside listings.
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