About NoBroker
NoBroker is India's first and only proptech unicorn that is 100% brokerage free. It is a one stop shop for all property related needs.
Headquarters
NoBroker, Bengaluru
Founded
2014-01-01
Industry
Commercial Real Estate, Mobile Apps, Property Management, PropTech, Real Estate
Last Funding Type
Series E
Valuation
1
Total Funding
$430.86 million dollars
IPO Status
Private
Financial
NoBroker may be growing as evidenced by a significant increase in revenue, with reports indicating a 96% growth in revenue. Despite this, the company's losses have also risen by 62.6%, which suggests that while the company is expanding its financial intake, it is also incurring higher costs. Additionally, the company's influence in the real estate market is underscored by Bengaluru being named the top pick for NRI investments, according to NoBroker, which may reflect the company's role in facilitating these investments. Furthermore, the demand for luxury housing in India, with villas being most popular in metro cities as reported by NoBroker, indicates a growing market segment that the company is tapping into.
NoBroker's net loss increased by 64% to INR 506.2 Cr in FY23 from INR 309.1 Cr in the previous fiscal year. Despite this, the company's revenue from operations grew by 86.8% to Rs 609 crore in FY23 from Rs 326 crore in FY22. The rise in losses is attributed to a significant increase in expenses.
NoBroker's net loss increased by 64% to INR 506.2 Cr in FY23 from INR 309.1 Cr in the previous fiscal year. Despite this, the company's revenue from operations grew by 86.8% to Rs 609 crore in FY23 from Rs 326 crore in FY22. The rise in losses is attributed to a significant increase in expenses.
Funding Rounds
13
Number of Lead Investors
8
Total Funding Amount
$430.86 million dollars
Number of Investors
15