SquareYards, one of India’s leading real estate and mortgage technology platforms, has raised Rs 900 crore (approximately $95 million) through a combination of debt and equity financing. EAAA Alternatives anchored the funding round, while global corporate credit manager Muzinich & Co. also participated in the investment.
The latest funding comes after the company secured $35 million (approximately Rs 313 crore) in November 2025. As a result, SquareYards has officially entered the unicorn club by achieving a valuation exceeding $1 billion, marking a significant milestone ahead of its planned Rs 2,000 crore Initial Public Offering (IPO).
According to industry sources, SquareYards is currently discussing an additional fundraising round and aims to secure another $50 million to $60 million during the next quarter at a valuation of approximately $1.6 billion.
“We have spent the last few years building a highly profitable, scalable, and fully integrated platform. As we gear up for our upcoming IPO, this capital raise will provide us with the strategic firepower to accelerate our market expansion, deepen our technological moats, and continue delivering exceptional value to our customers and stakeholders,” said Tanuj Shori, Founder & CEO of Square Yards.
The company delivered strong financial performance during FY26. SquareYards reported revenue of Rs 2,086 crore (approximately $223 million), representing a robust 48% year-on-year growth. Simultaneously, the company significantly improved profitability, with EBITDA increasing 3.7 times to Rs 176 crore (approximately $19 million).
“Our investment thesis was anchored in backing a profitable market leader operating with significant operating leverage in a highly fragmented market, providing a long runway for future growth. This transaction reflects our continued focus on supporting high-quality businesses with tailored capital solutions while maintaining a strong emphasis on downside protection and risk-adjusted returns,” said Amit Agarwal, CEO, EAAA Alternatives.
Previously, South Korean venture capital firm Smilegate Investment led SquareYards’ funding round, alongside participation from existing investors, at a valuation of approximately $900 million.
“Square Yards has demonstrated a unique ability to scale their business rapidly while still maintaining capital efficiency,” said Andrew Tan, CEO Asia Pacific, Muzinich & Co.
Beyond its core real estate brokerage and property transaction business, SquareYards has developed a diversified portfolio of consumer-focused brands that serve multiple segments across the real estate ecosystem.
Its subsidiary Urban Money has emerged as one of India’s largest secured mortgage and lending marketplaces. During FY26, Urban Money facilitated loan disbursals worth Rs 87,831 crore through an extensive network of agents and strategic partnerships with more than 150 banks and non-banking financial companies (NBFCs).
Additionally, SquareYards operates Azuro, one of India’s largest rental and property management platforms, and Interior Company, its wholly owned home interiors and modular furnishing business.
Furthermore, the company has strengthened its technology-driven offerings through innovative B2B solutions. These include a data intelligence platform that supports property valuation and title searches, as well as PropVR, an AI-powered platform that delivers immersive 3D, virtual reality, and augmented reality property experiences for buyers, developers, and real estate professionals.
With robust revenue growth, rising profitability, a diversified business portfolio, and ambitious IPO plans, the company appears well-positioned to capitalize on expanding opportunities across real estate, mortgage lending, property management, and AI-powered property technology. As it prepares for its public market debut, SquareYards continues to strengthen its leadership position in India’s digital real estate ecosystem.
