Real estate platform Square Yards has secured Rs 900 crore ($95 million) in a funding round anchored by EAAA Alternatives and Muzinich & Co. This significant capital injection has elevated the company to unicorn status, valuing it at over $1 billion. The financing comes at a pivotal moment as the firm actively prepares for its upcoming Initial Public Offering (IPO).
Strategic Capital for IPO Preparations
The newly acquired funds are earmarked for strategic initiatives ahead of the company's planned public listing. Square Yards intends to strengthen its balance sheet, accelerate expansion into new markets, and deepen its technological capabilities. Founder and CEO Tanuj Shori stated this capital provides the "strategic firepower" needed to enhance market presence and deliver exceptional stakeholder value.
Impressive Financial Growth
The funding follows a period of remarkable financial performance for the company. For the fiscal year 2026, Square Yards reported revenues of Rs 2,086 crore, representing a robust 48% year-on-year growth. This top-line expansion was complemented by a substantial increase in profitability, with EBITDA surging 3.7 times to Rs 176 crore.
Investor Confidence and Market Position
The investment reflects strong confidence from its backers in the company's business model and market leadership. Amit Agarwal, CEO of EAAA Alternatives, highlighted the decision to back a profitable market leader with significant operating leverage in a fragmented industry. Andrew Tan of Muzinich & Co. further praised Square Yards for its unique ability to scale rapidly while maintaining capital efficiency.
Looking ahead, Square Yards is not slowing its momentum and is already in talks to raise an additional $50 to $60 million over the next quarter. This follows a previous $35 million equity round in November 2025, which was led by Smilegate Investment. This continuous capital infusion underscores the company's aggressive growth strategy as it approaches its public market debut.
A Diversified Real Estate Ecosystem
Beyond its core real estate brokerage services, Square Yards has built a comprehensive and integrated ecosystem of consumer brands. This portfolio includes Urban Money, one of India's largest marketplaces for secured mortgages and lending solutions. It also operates Azuro for rental and property management services and the Interior Company for home furnishings.
The company's subsidiaries have achieved significant scale, with Urban Money facilitating loan disbursals of Rs 87,831 crore in FY26 through its vast network. Square Yards also leverages technology through B2B platforms like PropVR, an AI-powered tool for immersive 3D property experiences. This demonstrates a commitment to innovation across its diverse service offerings in multiple international markets, including the UAE, Australia, and Canada.
This latest $95 million funding round and subsequent unicorn valuation mark a significant milestone for Square Yards. The capital not only validates its impressive growth and integrated business model but also provides a solid foundation for its next chapter. With a strengthened financial position and clear strategic objectives, the company is well-positioned for a successful IPO and continued global expansion.