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Real estate platform Square Yards has raised Rs 900 crore (about USD 95 million) in fresh funding, crossing a valuation of more than USD 1 billion to enter the unicorn club. The Square Yards funding round, announced on June 23, 2026, was anchored by EAAA Alternatives and will support expansion, debt refinancing and a planned IPO.
Background: How Square Yards Reached Unicorn Status
Founded about a decade ago, Square Yards has grown from a property brokerage into an integrated proptech platform covering search, transactions, home loans, interiors and property management.
The company operates across India, the UAE, Australia and Canada, serving customers through the full property ownership lifecycle rather than a single stage of the buying journey.
The latest raise marks a sharp step up in value. In December 2025, Square Yards secured USD 35 million at a USD 900 million valuation. Since inception, it has raised about USD 150 million in equity.
The new round, completed at a valuation above USD 1 billion, formally pushes the company into unicorn territory.
Square Yards Funding Round: Key Details and Investors
The Rs 900 crore round combines roughly one-third equity and two-thirds debt. It was anchored by EAAA Alternatives, the Edelweiss-owned alternatives manager, with participation from global corporate credit manager Muzinich & Co.
The equity portion was raised at a valuation higher than the company’s previous round, reflecting growing investor confidence in its model.
Square Yards said the capital will strengthen its balance sheet, fuel further expansion and reinforce its technological infrastructure as it prepares for an Initial Public Offering.
The company is also expected to raise an additional USD 50-60 million over the coming quarter as part of a broader pre-IPO capital strategy.
Square Yards Financials and Business Segments
During FY26, Square Yards reported revenue of Rs 2,086 crore, a 48 per cent year-on-year increase. EBITDA jumped 3.7 times to Rs 176 crore, and revenue has compounded at roughly 53 per cent a year over the past five years.
The results mark a second consecutive profitable year for the company, strengthening its position ahead of a public listing.
Beyond core brokerage, the group runs Urban Money, a mortgage and lending marketplace; Azuro, a rentals and property management platform; and Interior Company, its home interiors and modular furnishing business.
Urban Money has become a major growth engine, contributing close to half of group revenue. In FY26 it facilitated loan disbursals of Rs 87,831 crore through a network of more than 150 banks and non-banking financial companies.
The group also operates PropVR, an AI-powered platform offering immersive virtual and augmented reality property experiences, alongside property valuation and title-search tools.
Tanuj Shori and Investors React to the Square Yards Funding
Square Yards founder and CEO Tanuj Shori called the round “a profound validation of our resilient business model and our relentless pursuit of revolutionising the real estate ecosystem.”
“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,” Shori said.
EAAA Alternatives said its decision was anchored in backing a profitable market leader operating with significant operating leverage in a highly fragmented market, offering a long runway for growth.
Shori has previously indicated the company aims to reach double-digit EBITDA margins before listing, with an IPO likely within the next 12 to 18 months.
What the Square Yards IPO Means for India’s Proptech Market
The Square Yards funding arrives amid rising urbanisation, growing homeownership aspirations and rapid digitisation across India’s real estate and mortgage sectors.
Integrated platforms that span discovery, financing, transactions and management are drawing stronger investor interest as a traditionally fragmented market consolidates.
A successful Square Yards IPO could also set a pricing benchmark for other proptech and real estate technology firms weighing public listings.
With fresh capital secured and a listing on the horizon, Square Yards is positioned to deepen its technology stack, widen its global footprint and strengthen its lead in an increasingly competitive proptech landscape.
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