NoBroker, India’s largest proptech platform, reported over 100,000 real estate transactions in March 2026, while its home services business processed 150,000 orders that month, overtaking real estate transaction volume, cofounder and chief business officer Saurabh Garg told Inc42.com. The company is transitioning from primarily a listings platform to a home services model, with rentals becoming less central to its operations.
Founded in 2013, NoBroker has raised $368 million from investors including General Atlantic, Tiger Global Management, Google, and Elevation Capital. Garg said FY26 was focused on balancing growth and profitability. The company’s revenue streams now come from three verticals: real estate, financial services, and home services. NoBroker’s freemium model keeps nearly 90% of users on free services, while monetisation occurs through bundled paid offerings on top of the free layer.
This shift reflects a broader trend in Indian proptech, where companies are diversifying beyond listings to capture more value through ancillary services. NoBroker’s move to home services aligns with growing demand for integrated offerings in real estate, such as maintenance and repairs. The company’s ability to generate higher order volumes in home services than in real estate transactions marks a significant evolution in its business model, which had previously incurred high losses like many consumer services firms.
NoBroker has yet to file its financials for FY25 or FY26, but Garg indicated that the expansion into multiple verticals is paying off. The company’s next financial disclosures will provide clearer insight into whether this strategy is translating into sustained profitability, a key milestone for the decade-old startup.
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