Real estate and mortgage technology platform Square Yards has officially entered India’s unicorn club after raising ₹900 crore (approximately $95 million) in a fresh funding round, pushing its valuation beyond the $1 billion mark.
The funding round was anchored by EAAA Alternatives and also saw participation from global corporate credit investment manager Muzinich & Co. The investment marks one of the largest capital raises by an Indian proptech company in the past five years and highlights growing investor confidence in technology-led real estate businesses.
Square Yards Achieves Unicorn Status
The latest funding values the Gurugram-based company at more than $1 billion, making it one of a select group of Indian proptech startups to achieve unicorn status.
According to industry sources, Square Yards is also exploring an additional fundraising round of $50–60 million over the next quarter at a valuation of around $1.6 billion as it prepares for a potential initial public offering (IPO).
The milestone comes at a time when India’s real estate sector is witnessing strong demand, increasing digital adoption, and growing interest from institutional investors.
Building a Full-Stack Real Estate Ecosystem
Founded by Tanuj Shori and Kanika Gupta, Square Yards has evolved from a property discovery platform into a comprehensive real estate ecosystem.
Today, the company offers services across:
- Property buying and selling
- Home loans
- Rentals
- Property management
- Home interiors
- Real estate investment solutions
The company operates across multiple international markets, including:
- India
- United Arab Emirates (UAE)
- Australia
- Canada
Its diversified business model has helped the company expand beyond traditional property brokerage into several adjacent segments of the real estate value chain.
Strong Financial Performance Drives Investor Confidence
Square Yards has delivered impressive financial growth over the past year.
According to the company:
- Revenue grew 48% year-on-year to ₹2,086 crore in FY26
- EBITDA increased 3.7 times to ₹176 crore
- EBITDA margin expanded to 8%, compared to 3% in FY25
The company also crossed the ₹2,000 crore revenue milestone for the first time in its history, reflecting strong demand across its business verticals.
The significant improvement in profitability and operating efficiency appears to have played a key role in attracting fresh investor interest.
Urban Money Emerges as a Key Growth Engine
One of the biggest contributors to Square Yards’ growth has been its mortgage marketplace platform, Urban Money.
The company revealed that Urban Money facilitated loan disbursals worth an impressive ₹87,831 crore during FY26.
The platform works with more than 150 banks and non-banking financial companies (NBFCs), helping customers access home loans and other financial products through a digital-first experience.
As India’s housing finance market continues to expand, Urban Money is expected to remain a major growth driver for the group.
Expanding Beyond Property Transactions
Square Yards has strategically built a portfolio of businesses designed to serve customers throughout the property ownership lifecycle.
Its key business verticals include:
Urban Money
A digital mortgage marketplace connecting borrowers with banks and NBFCs.
Azuro
A rental and property management platform helping property owners and tenants manage residential assets efficiently.
Interior Company
A home interiors and design platform catering to homeowners seeking end-to-end interior solutions.
This integrated approach allows Square Yards to generate revenue across multiple touchpoints rather than relying solely on property transactions.
Leadership on the Growth Journey
Commenting on the development, Tanuj Shori, Founder and CEO of Square Yards, said the latest investment validates the company’s integrated business model.
He noted that the fresh capital will help accelerate expansion plans, strengthen technology capabilities, and support preparations for the company’s planned IPO.
The company is expected to continue investing in digital infrastructure, product innovation, and customer experience as it enters its next phase of growth.
Momentum Ahead of a Potential IPO
The latest fundraising comes just seven months after Square Yards raised $35 million from South Korea-based Smilegate Group at a post-money valuation of approximately $935 million.
At the time, reports suggested that the company was planning to raise additional capital through a mix of debt and equity financing as part of its broader IPO strategy.
With unicorn status now secured and financial performance improving significantly, Square Yards appears to be positioning itself for a potential public market debut in the coming years.
India’s Proptech Sector Continues to Mature
Square Yards’ rise reflects the broader evolution of India’s proptech industry, where technology is increasingly transforming how consumers buy, finance, rent, manage, and design properties.
The combination of strong housing demand, digital adoption, rising mortgage penetration, and growing investor confidence is creating significant opportunities for companies operating across the real estate value chain.
As Square Yards joins India’s unicorn ecosystem, its journey highlights how integrated real estate platforms are becoming an increasingly important part of the country’s rapidly evolving property market.
Key Numbers at a Glance
Fresh Funding Raised: ₹900 Crore ($95 Million)
Valuation: $1 Billion+
FY26 Revenue: ₹2,086 Crore (+48% YoY)
FY26 EBITDA: ₹176 Crore (3.7x Growth)
EBITDA Margin: 8% (vs 3% in FY25)
Urban Money Loan Disbursals: ₹87,831 Crore
Banking Partners: 150+
Global Markets: India, UAE, Australia & Canada
Potential Next Fundraise: $50–60 Million
Expected Valuation in Next Round: ~$1.6 Billion
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape. She has written extensively on fintech, AI and emerging startups.