The funding is followed by $35 million (Rs 313 crore) in November 2025.
The new round has turned SquareYards into a unicorn or startups with $1 billion, a boost for the company preparing for a Rs 2,000 crore Initial Public Offering (IPO).
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Sources said that the company is currently in talks to raise an additional $50-60 million over the next quarter at a valuation of $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.
During FY26, the company reported revenues of Rs 2,086 crore (approx. $223 million), marking a 48% year-on-year growth. This top-line expansion was accompanied by a surge in profitability, with EBITDA jumping 3. 7x 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.
Company’s earlier round was lead by South Korean venture capital firmSmilegate Investment and other existing investors at a valuation of $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 brokerage and transactions business, Square Yards operates a portfolio of complementary consumer brands across the real estate value chain. These include Urban Money, one of India’s largest marketplaces for secured mortgages and lending solutions; Azuro, among the country’s largest rentals and property management services; and Interior Company, its fully owned home interiors and modular furnishing subsidiary.
Urban Money has scaled rapidly, facilitating loan disbursals of Rs 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.