Square Yards has entered the unicorn club after raising $95 million through a mix of debt and equity. The new funding round pushed its valuation above $1 billion.
The round was led by EAAA Alternatives, with participation from Muzinich & Co. This deal stands as one of the biggest funding rounds in India’s proptech space in recent years.
Founded by Tanuj Shori and Kanika Gupta, the company offers a complete real estate platform. It helps users with property buying, selling, home loans, rentals, and interior services. The company operates in India and international markets like the UAE, Australia, and Canada.
Square Yards has shown strong business growth over the past year. The company reported a 48% increase in revenue, reaching Rs. 2,086 crore in FY26. Its EBITDA also grew sharply to Rs. 176 crore, showing better profitability.
The company has built multiple businesses beyond property brokerage. These include mortgage platform Urban Money, rental platform Azuro, and interior brand Interior Company. Among these, Urban Money has become a major growth driver. It helped process loan disbursals worth Rs. 87,831 crore in FY26 through partnerships with over 150 lenders.
Reports suggest that Square Yards may raise another $50 million to $60 million soon. The company is preparing for its IPO and may target a valuation close to $1.6 billion. This step shows a clear plan to strengthen its financial position before going public.
The latest funding comes after a $35 million round led by Smilegate Group earlier. That round had valued the company at $935 million. The recent jump in valuation shows strong investor confidence in the business.
India’s real estate market has seen rising demand for digital platforms. More buyers now prefer online tools for property search and financing. Square Yards has benefited from this trend by offering end-to-end digital solutions.
The unicorn status shows growing trust in proptech India and digital real estate platforms. More funding in this sector may bring faster innovation and better services for property buyers.
Square Yards now stands among India’s leading proptech unicorns. Its strong growth, global reach, and IPO plans place it in a solid position for the future.
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