Real Estate Tech Platform Crosses $1 Billion Valuation After Fresh Investment

Gurugram-based proptech company Square Yards has officially joined India’s unicorn club after raising ₹900 crore (approximately $95 million) through a combination of debt and equity financing. The latest funding round values the company at over $1 billion, marking a major milestone as it prepares for its upcoming Initial Public Offering (IPO).

The investment was led by EAAA Alternatives, with participation from global corporate credit manager Muzinich & Co. The funding follows the company’s $35 million investment round in November 2025, led by Smilegate VC, further strengthening investor confidence in India’s fast-growing real estate technology sector.

Fresh Capital to Accelerate Growth and IPO Readiness

Square Yards plans to utilize the newly raised capital to expand its market presence, strengthen its technology infrastructure, and enhance its integrated real estate ecosystem ahead of its proposed public listing.

The company aims to further scale its digital property platform while continuing to improve customer experiences across home buying, financing, rentals, interiors, and property management.

As India’s real estate market embraces digital transformation, Square Yards is positioning itself as one of the country’s leading technology-driven property platforms.

Building an End-to-End Real Estate Ecosystem

Founded by Tanuj Shori and Kanika Gupta Shori, Square Yards has evolved beyond a traditional property marketplace into a comprehensive real estate ecosystem.

The platform offers services including property buying and selling, home loans, rental solutions, property management, and interior design. In addition to India, the company has expanded its operations to the UAE, Australia, and Canada, serving customers across multiple international markets.

During FY26, Square Yards reported ₹2,086 crore in revenue, representing an impressive 48% year-on-year growth, highlighting the strong demand for its integrated digital platform.

Technology and Financial Services Driving Growth

Beyond property transactions, Square Yards has built several high-growth businesses that complement its core operations.

Its mortgage marketplace, Urban Money, facilitated loan disbursals worth ₹87,831 crore during FY26 through partnerships with more than 150 banks and non-banking financial companies (NBFCs).

The company also operates Azuro, a rental and property management platform, and Interior Company, which offers home interior and modular furnishing solutions.

On the technology front, Square Yards continues to invest heavily in AI-powered innovation through PropVR, enabling immersive 3D, virtual reality (VR), and augmented reality (AR) property experiences. The company also offers advanced property valuation and title intelligence tools that simplify real estate transactions for buyers and investors.

Leadership Focused on Long-Term Growth

Commenting on the milestone, Founder and CEO Tanuj Shori said the latest funding validates the company’s profitable and scalable business model. He added that the investment will help accelerate expansion, strengthen technological capabilities, and create long-term value for customers and stakeholders as Square Yards moves closer to its IPO.

With unicorn status, strong financial performance, and a rapidly expanding technology platform, Square Yards is well-positioned to play a leading role in the future of India’s digital real estate industry.

Featured on The Startup Caffe

Stay updated with the latest startup funding news, business insights, and exclusive founder stories. Follow The Startup Caffe for daily updates from India’s thriving startup ecosystem.