Square Yards Secures INR 312 crore Funding, Eyes Unicorn Status
Proptech firm Square Yards has raised $35 million in its latest funding round, positioning itself closer to achieving unicorn status as it prepares for a potential IPO in 2026. The round was led by a mix of existing investors and new institutional backers, reflecting strong confidence in the company’s growth trajectory.
Founded in 2014, Square Yards has evolved into one of the leading integrated real estate and mortgage platforms, operating across multiple countries including India, the UAE, Canada, and Australia. The company plans to use the fresh capital to expand its technology stack, enhance AI-driven property solutions, and scale its global presence.
CEO Tanuj Shori stated that the funding will accelerate Square Yards’ mission to digitize the property buying experience and strengthen its ecosystem across real estate, mortgages, and property management. The company has reported consistent revenue growth and profitability in recent quarters, signaling strong fundamentals ahead of its public listing.
With this funding, Square Yards joins a growing list of Indian proptech startups attracting global investor interest, as the sector continues to mature and digitize rapidly.
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Square Yards – Funding History Overview
- Seed & Early Rounds (2014–2016)
Year: 2014
Amount: ~$6 million
Investors: Private investors and high-net-worth individuals
Purpose: Initial expansion across Indian metros and entry into international markets like Dubai and Singapore.
- Series A (2016)
Amount: ~$12 million
Investors: Multiple institutional and individual investors
Focus: Strengthening technology infrastructure and scaling real estate aggregation services.
- Series B (2019)
Amount: ~$20 million
Investors: Bennett Coleman & Co. Ltd. (Times Group) and others
Use of Funds: Product diversification, marketing, and expansion into mortgage and property management verticals.
- Debt & Strategic Funding (2021)
Amount: ~$25 million (debt and convertible instruments)
Investors: ADM Capital and others
Objective: Accelerate growth in proptech and fintech segments, including Square Capital and property rental platforms.
- Pre-IPO Round (2024–2025)
Amount: $35 million
Investors: Mix of existing and new institutional investors (including Smilegate VC participation reported)
Goal: Strengthen global operations, enhance AI-driven real estate solutions, and prepare for a 2026 IPO.
Total Funding Raised (Approximate): Over $100 million across equity and debt rounds.
Current Valuation (2025): Estimated between $850 million – $900 million, edging toward unicorn status.
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