NoBroker

What NoBroker does

NoBroker is an Indian proptech company headquartered in Bengaluru that operates a brokerage-free real estate marketplace, directly connecting tenants, owners, and sellers across 100+ Indian cities. Founded in 2013, the company scaled to 4 crore+ (40M+) registered users and became India's first PropTech unicorn in November 2021 at a $1.01 billion valuation, supported by $366 million in total funding including a $210 million Series E and a strategic $5 million investment from Google. The company employs 5,001-10,000 people.

The platform is built on a multi-vertical architecture that extends well beyond listings. Core product lines include the rental and resale marketplace, NoBrokerHood (residential community and apartment security management), NoBroker Interiors (full-stack home interior design and execution), NoBroker Packers & Movers (relocation services), and ConvoZen.AI (a standalone enterprise conversational AI platform). Underlying the stack are proprietary in-house speech and language models — Akshara and Ragini — trained on a data flywheel of more than 2 million daily conversations generated across NoBroker's own consumer surfaces, giving the company a vertical-specific training corpus that general-purpose models do not natively possess.

NoBroker monetizes through three primary revenue streams: subscription plans that give property owners and tenants enhanced listing visibility, commissions and service fees on home services (interiors, packers & movers, and managed community services), and enterprise contracts for ConvoZen.AI serving 50+ clients across BFSI (TATA AIG, HDFC Life, Kotak AMC), automotive (Maruti Suzuki), and used-vehicle marketplaces (CARS24, Spinny). The company also maintains builder-side relationships with Godrej, Mahindra, Shapoorji Pallonji, and Adani Realty, broadening the supply side of the marketplace. FY23 operating revenue was reported at ₹609 crore, and the business has since layered on higher-velocity verticals (ConvoZen.AI, Interiors) that are scaling materially faster than the legacy listings business.

Name

NoBroker

Legal name

NoBroker Technologies Solution Pvt. Ltd.

Website

https://nobroker.in

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Indian proptech platform operating a brokerage-free real estate marketplace across 100+ cities, serving 40M+ users with verticals in rentals, community management, interiors, packers & movers, and a proprietary conversational AI product (ConvoZen.AI) sold to enterprise clients.

Ownership category

akta.pro rank

Product category

Online Real Estate Marketplace

NAICS

Offices of Real Estate Agents and Brokers (53121), Software Publishers (5132)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Affordable Housing & First-Time Buyer Brokerage (BPAJAAAD)

Keywords

• Brokerage-free real estate
• Property rental marketplace
• Home relocation services
• Conversational AI platform
• Society management software

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Digital Commerce or Content

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Supply Chain, Infrastructure

Revenue model

1. NoBroker Subscription Plans: Recurring subscription revenue from Tenant Plans, Owner Plans, Buyer Plans, Seller Plans, and Commercial Plans listed on the website, providing premium visibility and services to subscribers across India's top cities.
2. Property Management Fees: End-to-end NRI property management service charging an onboarding fee of Rs. 30,000 plus 8% of monthly rent for tenant verification, rent collection, and maintenance coordination.

Pricing tiers

Go-to-market motion5 records

Distribution channels6 records

Marketing channels6 records

Core offering

NoBroker operates a brokerage-free online property marketplace that directly connects property owners with verified tenants and buyers across 100+ Indian cities, eliminating the need for intermediaries through paid subscription plans (Tenant, Owner, Buyer, Seller, Commercial). The platform has expanded into an end-to-end home services ecosystem that includes NRI property management, NoBrokerHood (society/community management), NoBroker Interiors (full-stack home interiors with AI-driven design and 3D rendering), NoBroker Packers and Movers (relocation across 100+ cities), home loan distribution, painting & cleaning, rental agreements, and legal services. Its in-house ConvoZen.AI conversational AI platform, along with the indigenous Akshara (speech-to-text) and Ragini (text-to-speech) models, is now commercialized as a standalone enterprise product serving 50+ enterprises in BFSI, auto, retail, and consumer sectors.

Product overview

NoBroker operates a unified proptech platform-plus-modules architecture centered on its core brokerage-free property marketplace, with the NoBroker Property Platform as the foundation connecting property owners directly with verified tenants and buyers across 50+ Indian cities. The core platform is extended by a portfolio of integrated vertical services including NoBrokerHood (community/society management), NoBroker Interiors (full-stack home interiors with AI-driven design), NoBroker Packers and Movers (relocation services), Home Painting & Cleaning, Home Loan distribution with major Indian banks, Rental Agreement and Legal Services, Home Renovation, and Pay Tuition Fee. ConvoZen.AI emerged from the platform's internal customer conversation management needs and was spun out as a standalone enterprise conversational AI platform, complete with proprietary speech models Akshara (Speech-to-Text) and Ragini (Text-to-Speech), serving over 50 enterprise clients in BFSI, auto, retail, and consumer sectors. The combined architecture positions NoBroker as an end-to-end home services ecosystem rather than a single product, with NoBrokerHood and Society Connect (acquired March 2026) anchoring the community management layer while ConvoZen powers the underlying AI capabilities across customer-facing touchpoints.

Differentiator

Problem solved

Functional benefit

Brands

• NoBrokerHood: Community and society management service vertical of NoBroker.
• NoBroker Packers and Movers
• NoBroker Interiors
• ConvoZen.ai (ConvoZen.AI)

Products and services

• NoBroker Property Platform World's largest no-brokerage property site in India, directly connecting property owners with verified tenants and buyers to eliminate brokerage fees. Operates across Bangalore, Mumbai, Chennai, Pune, Gurgaon, Hyderabad, Delhi, Noida, Ghaziabad, and Greater Noida, with self-serve posting for owners and search/shortlisting for tenants and buyers via paid subscription plans (Tenant, Owner, Buyer, Seller, Commercial).
• NoBroker Packers and Movers Relocation services division of NoBroker operating across 100+ cities through a verified vendor network of 1,500+ partners and 2,000 vehicles. Offers upfront transparent pricing, background-verified moving teams, and damage-free delivery with 99.3% accuracy, 4.6-4.8 star ratings from ~9 lakh customer reviews, and over 15 lakh completed relocations.
• NoBrokerHood Community management service for apartments and gated societies, offering tenant verification, rent collection, maintenance coordination, and resident engagement, strengthened by the Society Connect acquisition and supported by Google's $10 billion India Digitization Fund investment.
• NoBroker Interiors Full-stack home interiors solution that uses AI-driven design engines and photorealistic 3D rendering to provide homeowners with transparent design planning, cost estimation, and visualization, backed by the in-house ConvoZen CRM and integrated ERP. Operates 5 experience centres across Bangalore, Hyderabad, and Pune with plans for 12 by year-end 2026.
• ConvoZen.AI Standalone enterprise conversational AI platform built originally as NoBroker's internal customer conversation management tool. Handles over 2 million conversations daily across 50+ enterprises in BFSI, auto, retail, and consumer sectors, with 40-50% month-on-month growth, on a hybrid model where 80% of routine interactions are AI-handled.
• Akshara Speech-to-Text Model Indigenous Speech-to-Text model built from NoBroker's scale of conversational data, launched by ConvoZen to serve the Indian market with multilingual support for local dialects and voice-first AI applications.
• Ragini Text-to-Speech Model Expressive multilingual Text-to-Speech model optimized for the Indian market, launched by ConvoZen to enable voice-first AI in local dialects for enterprise and consumer applications.
• NRI Property Management Service End-to-end property management service for non-resident Indians, including tenant verification, rent collection, and maintenance coordination, priced at a Rs. 30,000 onboarding fee plus 8% of monthly rent.
• NoBroker Home Loan Home loan referral service integrated with multiple Indian banks including SBI, Bank of Baroda, Bank of India, PNB, HDFC, Axis Bank, and Canara Bank, offering loan eligibility checks and direct loan application processing.
• NoBroker Painting and Cleaning Home painting, deep cleaning, bathroom cleaning, kitchen cleaning, sofa cleaning, and AC services offered across major Indian cities with upfront transparent pricing and quality assurance.
• Rental Agreement Service Online service for creating rental agreements and supporting paperwork across major Indian cities, with assistance in documentation and legal compliance.
• NoBroker Legal Services Legal services including notary, affidavit services (name change, address proof, income proof, marriage registration, etc.), lease agreements, and sales agreements across major Indian cities.

Named customers17 records

Segments8 records

Ideal customer profiles8 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability9 records

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core strategic acquisition strengthening nobrokerhood community management vertical., flagship enterprise partnership for convozen.ai voice bot deployment., major developer partner for property carnival co-marketing., founders' alma mater; ₹100 crore commitment from iit kanpur class of 2000 including nobroker founders. and standard home loan referral partner..

• Society Connectcore strategic acquisition strengthening nobrokerhood community management vertical.Strategic or Co-development Partner · 1 March 2026NoBroker acquired Society Connect in an all-cash deal in March 2026 to strengthen its community management space and enhance NoBrokerHood's services. The acquisition brought Society Connect's apartment community platform into NoBroker's ecosystem, supporting its Delhi-NCR expansion and positioning NoBroker as a comprehensive platform for home-related needs.
• Maruti Suzukiflagship enterprise partnership for convozen.ai voice bot deployment.Strategic or Co-development Partner · 1 February 2026Partnership announced at the ConvoZen AI Summit on February 24, 2026 for deploying ConvoZen.AI voice bots handling up to a million leads monthly for Maruti Suzuki's automotive sales and customer engagement operations.
• Godrejmajor developer partner for property carnival co-marketing.Strategic or Co-development Partner · 1 February 2026Godrej participated in NoBroker's Property Carnival in Pune on February 7-8, 2026 at Hilton Garden Inn Hinjewadi, offering exclusive discounts up to Rs. 8 lakhs and flexible payment plans.
• Adani Realtymajor developer partner for property carnival co-marketing.Strategic or Co-development Partner · 1 January 2026Adani Realty participated in NoBroker's Property Carnival in Mumbai on January 17-18, 2026 at The Palace Banquets in Mulund West, alongside other leading developers offering exclusive payment plans and discounts.
• IIT Kanpurfounders' alma mater; ₹100 crore commitment from iit kanpur class of 2000 including nobroker founders.Others · 1 December 2025NoBroker's co-founders (IIT Kanpur alumni from the Class of 2000) pledged their share of a ₹100 crore commitment to establish the Millennium School of Technology and Society (MSTAS) at IIT Kanpur. The collective pledge is the highest-ever by any batch at the institution.
• SBI (State Bank of India)standard home loan referral partner.Channel Partner/ Reseller/ DistributorSBI Home Loan is featured as a home loan partner on NoBroker's website, allowing users to apply for SBI home loans directly through the NoBroker platform with maximum loan eligibility checks.
• HDFC Bankstandard home loan referral partner.Channel Partner/ Reseller/ DistributorHDFC Home Loan is featured as a home loan partner on NoBroker's website, enabling users to check eligibility and apply for HDFC Bank home loans through the platform.
• Bank of Barodastandard home loan referral partner.Channel Partner/ Reseller/ DistributorBank of Baroda Home Loan is featured as a home loan partner on NoBroker's website.
• Axis Bankstandard home loan referral partner.Channel Partner/ Reseller/ DistributorAxis Bank Home Loan is featured as a home loan partner on NoBroker's website.
• Punjab National Bank (PNB)standard home loan referral partner.Channel Partner/ Reseller/ DistributorPNB Home Loan is featured as a home loan partner on NoBroker's website.
• Canara Bankstandard home loan referral partner.Channel Partner/ Reseller/ DistributorCanara Bank Home Loan is featured as a home loan partner on NoBroker's website.
• Bank of Indiastandard home loan referral partner.Channel Partner/ Reseller/ DistributorBank of India Home Loan is featured as a home loan partner on NoBroker's website.

Scale indicators13 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• MagicBricks: Owned by Times Internet, MagicBricks is one of India's largest online real estate marketplaces connecting buyers, sellers, and tenants — directly competing with NoBroker in brokerage-free / assisted property discovery across Indian metros.
• 99acres: Operated by Info Edge (Naukri parent), 99acres is a major Indian property listing platform competing directly with NoBroker in rentals, resale, and new-project discovery across Indian cities.
• Housing.com: Backed by REA Group and Elara, Housing.com is a leading Indian property marketplace competing directly with NoBroker in brokerage-free listings and new-launch discovery.
• CommonFloor: Now part of Info Edge, CommonFloor was an early Indian apartment-focused property platform with community/society features — overlapping with NoBroker's core marketplace and NoBrokerHood verticals.
• PropTiger: PropTiger (now part of REA India / Housing Group) is a brokerage-assisted Indian residential property platform — competing with NoBroker on the developer/builder side and primary home-buying experience.
• Square Yards: Square Yards is an Indian real estate brokerage and property portal with developer-tie-ups and cross-border property services — comparable to NoBroker's developer engagement and NRI property management.
• Yellow.ai: Yellow.ai is an enterprise conversational AI platform serving BFSI, retail, and consumer brands globally — the closest comparable peer to ConvoZen.AI in terms of enterprise AI customer engagement and multilingual voice AI capabilities.
• Haptik: Acquired by Reliance Jio, Haptik is an Indian enterprise conversational AI platform with strong BFSI and consumer-brand penetration — directly competing with ConvoZen.AI in Indian-language voice-first customer engagement.

Broad incumbents

• Zillow: Zillow is the largest US residential property marketplace with adjacent services (mortgages, rentals) — a broad incumbent reference for NoBroker's end-to-end real estate platform vision and data-driven marketplace model.

Regional players

• PropertyFinder: PropertyFinder is the leading property portal in the Middle East (UAE, Saudi, Egypt) — comparable to NoBroker in marketplace model, premium subscriptions, and developer partnerships, though operating in a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nobrokercom
• Facebookfacebook.com/nobrokercom
• LinkedInlinkedin.com/company/nobroker-in

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds14 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NoBroker