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Funding · Professional & Local Services

Square Yards raises $95M, becomes unicorn

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Date
Company
Square Yards
What it does
Real estate and mortgage platform
Kind
Funding
Amount
$95M (₹900 Cr)
Stage
late
Founded
2014
Sector
Professional & Local Services

What they do

Square Yards is an integrated real estate and mortgage platform offering property search, financing, interiors, and management

What happened

It raised $95M (₹900 Cr) in debt and equity led by EAAA Alternatives, crossing a $1B valuation

Why it matters

The company plans another $50-60M raise and a ₹2,000 Cr IPO, with founders holding over 50% post-listing

The details

  • Square Yards closed a $95M (₹900 Cr) capital raise, a mix of debt and equity.
  • The round was anchored by EAAA Alternatives, with participation from Muzinich & Co.
  • The company's valuation crossed $1B, making it a unicorn.
  • Square Yards plans another $50-60M raise over the next quarter ahead of its IPO.
  • The IPO size target is ₹2,000 Cr, likely a mix of fresh issue and offer for sale.
  • Founders will hold over 50% of the company post-listing.
  • Square Yards became the 131st Indian unicorn and the second in June 2026.

The bigger picture

  • The company's FY26 revenue was ₹2,086 Cr, up 48% year-on-year.
  • FY26 EBITDA was ₹176 Cr, up 3.7x year-on-year.
  • The previous round was $35M at a $900M valuation in late 2025.
  • Total raised to date is $208.8M, with equity at $150M since inception.

About the business

  • Square Yards is an integrated real estate and mortgage platform.
  • It offers property search, financing, home interiors, and property management.
  • Subsidiary brands include Urban Money (fintech loan aggregator), Azuro (rentals & property management), and Interior Company (home interiors).
  • B2B platforms include a data intelligence platform for property valuation and PropVR (AI-powered 3D/VR/AR property experiences).
  • Urban Money disbursed ₹87,831 Cr in loans in FY26 through 150+ bank and NBFC partnerships.
  • The company operates in India, UAE, Australia, and Canada.

What happens next

  • Use funds to strengthen balance sheet, fuel expansion in existing markets, and strengthen tech infrastructure.
  • Prepare for IPO with a target size of ₹2,000 Cr.
  • Plan another $50-60M raise in the next quarter.

The deal

Type
debt and equity

Investors

  • EAAA Alternatives (lead) — Investment firm led by CEO Amit Agarwal.
  • Muzinich & Co (participant) — Global corporate credit manager.

Founders

  • Tanuj Shori, CEO
  • Kanika Gupta Shori, Co-founder

About Square Yards

Product
based proptech startup
Customers
Home buyers, property developers, real estate brokers, and loan seekers
How it makes money
Earns commissions on primary real estate sales and mortgage disbursements, plus interior design fees
What sets it apart
Full-stack integration covering real estate listings, mortgage distribution, and post-possession interior solutions

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