Square Yards turns unicorn with $95 million fundraise, eyes another $50-60 million ahead of IPO

Square Yards, a real estate and mortgage platform, today announced the successful closure of a ₹900 crore ($95 million) capital raise. The strategic investment, which comprises a mix of debt and equity, was anchored by EAAA Alternatives and saw participation from global corporate credit manager Muzinich & Co.

The company is also looking to close another $50-60 million over the next quarter as part of its ongoing capital strategy.

In FY26, the company reported revenues of ₹2,086 crore (approximately $223 million), marking a 48 per cent year-on-year growth. This expansion was accompanied by a surge in profitability, with EBITDA jumping 3.7x to ₹176 crore (approximately $19 million). This trajectory is highlighted by a 5-year revenue compound annual growth rate (CAGR) of approximately 53 per cent.

From its origins as a primary brokerage, the company has transitioned into a fully-integrated ecosystem offering services across property search, transactions, home loans, interiors and property =management.

With an operational footprint spanning India, the UAE, Australia and Canada, this latest capital infusion helped fortify its balance sheet while enabling the company to fuel further expansion and strengthen its technological infrastructure. This further allows Square Yards to prepare for its initial public offering (IPO).

Commenting on the IPO, Tanuj Shori, Founder & CEO of Square Yards, said:
“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.”

Beyond its core brokerage and transactions business, Square Yards operates a portfolio of complementary consumer brands across the real estate value chain. These include Urban Money, Azuro and Interior Company. Urban Money has scaled rapidly, facilitating loan disbursals of ₹87,831 crore in FY26, and operating through a network of agents and partnerships with more than 150 banks and NBFCs.

The group also runs technology-led B2B platforms, including a data intelligence platform for property valuation and title search, and PropVR, an AI-powered tool for immersive 3D, virtual and augmented reality property experiences.