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NoBroker: Business Overview, Financials & Competitive Analysis

NoBroker scores 6/10 on the AskCyborg Cyborg Score (Solid). Profitable proptech scale is achievable but depends on successful margin expansion through ancillary services and technology monetization while navigating a crowded competitive landscape. NoBroker holds a strong market position in India's proptech space with significant funding ($368M+), a unicorn valuation, and marquee investors (Google, General Atlantic, Tiger Global). However, profitability remains.

What is NoBroker's industry? NoBroker (nobroker.in) operates in Real Estate Tech. AskCyborg classifies NoBroker under Real Estate Tech in its company registry.

NoBroker is an online platform providing property listings and related services to individuals. The company is the only online real estate platform that is brokerage-free, and was founded in 2014 by Akhil Gupta, Saura...

6/ 10Solid

Cyborg Score thesis

Profitable proptech scale is achievable but depends on successful margin expansion through ancillary services and technology...

Read the full analyst-debate transcript →
Industry Real Estate Tech
5 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: September 14, 2026
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What's in This Report
NoBroker OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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NoBroker Overview

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NoBroker is an online platform providing property listings and related services to individuals. The company is the only online real estate platform that is brokerage-free, and was founded in 2014 by Akhil Gupta, Saurabh Garg and Amit Kumar Aggarwal. The platform has evolved from a listings marketplace into a diversified proptech player with operations spanning real estate transactions, financial services, and home services.

Strategic Profile

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NoBroker processed ₹1,000 Cr in primary sales transactions in March 2026 and recorded over 1 Lakh real estate transactions in March 2026 alone, with home services clocking in 1.5 Lakh orders. The company that started as a listings platform is transitioning towards the home services model, with rentals taking a backseat somewhat. The platform leverages AI-driven tools and has expanded into adjacent verticals to diversify revenue and improve unit economics.

Competitive Landscape

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NoBroker's top competitors include companies like PropTiger, Square Yards and PropertyGuru. Other competitors include Magicbricks Realty Services, Roomster, 99acres, YourOwnROOM, and PropertyGuru. The Indian proptech market remains fragmented with 344 active competitors, including 21 funded and 8 that have exited. NoBroker ranks 5th by count but 2nd in total funding among competitors.

Industry Context

NoBroker operates in Real Estate Tech.

Key facts

Founded: 2014 · Headquarters: Bengaluru, India · Employees: 5,559 (as of August 2025) · Revenue: $25M–$100M estimated (FY22: ₹369.83 Cr)

What the analysts stress-tested

The top findings that survived the multi-agent debate for NoBroker.

  • According to cofounder Saurabh Garg, ancillary businesses like financial services and home services combined now contribute nearly 50% of total revenue.
  • As of 2026-07-07, NoBroker introduced ConvoZen AI, a conversational AI platform, and CallZen AI, designed to enhance contact centre intelligence for businesses.
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Recent developments

Material events tracked by the AskCyborg corpus.

  • July 2026Company reported ₹1,000 Cr in primary sales transactions (March 2026) and targeting profitability within 12–15 months
  • January 2026NoBroker Packers and Movers won BW Supply Chain Award for Best Collaborative Supplier Partnership
  • +1 moreTrack every material event for NoBroker as it happens. Explore monitoring →
Get alerted when NoBroker has a new material development →

Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

PropTigerReal estate search and transaction platform→Square YardsProperty search and real estate services platform→Magicbricks Realty ServicesReal estate listings and marketplace platform→99acresReal estate search and property marketplace→Housing.comReal estate platform for buying, selling, renting residential and commercial properties with home loan services→

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Industry context

NoBroker operates in Real Estate Tech. See how the rest of the sector scores on the Cyborg framework.

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Analyst debate, not single-author opinion

Every report is stress-tested by a panel of AI analysts arguing across 11 dimensions. The output is the part of the case that survived pushback.

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Recalibrated weekly

The Cyborg Score is recomputed weekly against fresh data. Recent material developments are continuously tracked and surfaced.

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Methodology open at /methodology

The framework, dimensions, and band breakdowns are documented. The same company gets the same score from any analyst running the framework.

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Sources: public filings, regulatory data, news flow, and proprietary analyst signals. Read the methodology →

Frequently asked questions

What does NoBroker do?+
NoBroker is an online platform providing property listings and related services to individuals. The company is the only online real estate platform that is brokerage-free, and was founded in 2014 by Akhil Gupta, Saura...
What is NoBroker's Cyborg Score?+
NoBroker has a Cyborg Score of 6/10 (Solid). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are NoBroker's main competitors?+
Named competitors include PropTiger, Square Yards, Magicbricks Realty Services, 99acres. The full competitive landscape is in the AskCyborg report.
How can I get the full NoBroker research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the NoBroker research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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