THEBUSINESSBYTES BUREAU

NEW DELHI, JUNE 23, 2026

Strengthening its position as one of India's fastest-growing proptech companies, Square Yards has successfully raised ₹900 crore (approximately $95 million) through a mix of debt and equity financing and is now preparing to secure an additional $50–60 million over the next quarter as it advances toward a planned Initial Public Offering (IPO).

The latest funding round was anchored by EAAA Alternatives and witnessed participation from global corporate credit manager Muzinich & Co. The capital infusion was completed at an equity valuation significantly higher than the company's previous funding round, reflecting growing investor confidence in Square Yards' business model, profitability, and long-term growth prospects.

The fresh capital further strengthens the company's balance sheet and provides additional resources to accelerate expansion, deepen technology investments, and enhance operational capabilities across its global markets.

Square Yards has emerged as a major player in the proptech ecosystem after delivering strong growth over the past several years. In FY26, the company reported revenue of ₹2,086 crore (approximately $223 million), registering a robust 48 per cent year-on-year increase. Profitability also witnessed a sharp rise, with EBITDA surging 3.7 times to ₹176 crore (approximately $19 million). The company has maintained an impressive long-term growth trajectory, recording a five-year revenue CAGR of nearly 53 per cent.

Having evolved from a traditional property brokerage platform into a fully integrated real estate ecosystem, Square Yards today offers a comprehensive suite of services spanning property discovery, transactions, home financing, interiors, rentals, and property management. The company has established a significant presence across India, the UAE, Australia, and Canada.

Commenting on the milestone, Tanuj Shori, Founder & CEO of Square Yards, said: "This significant capital raise from such esteemed institutional partners is a profound validation of our resilient business model and our relentless pursuit of revolutionizing the real estate ecosystem. 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."

The investors expressed strong confidence in the company's growth trajectory and market leadership.

Amit Agarwal, CEO, EAAA Alternatives, said: "We are pleased to partner with Square Yards at an important stage of its growth journey. 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."

He further added: "This investment further strengthens EAAA Alternatives’ Special Situations Strategy, which provides bespoke solutions to businesses, supporting growth, refinancing, and balance sheet optimization."

Andrew Tan, CEO Asia Pacific, Muzinich & Co, said: "Square Yards has demonstrated a unique ability to scale their business rapidly while still maintaining capital efficiency. We look forward to supporting their continued growth and success."

Beyond its core brokerage business, Square Yards has built a diversified portfolio of consumer and technology-led businesses across the real estate value chain. These include Urban Money, one of India's largest secured mortgage and lending marketplaces; Azuro, a leading rentals and property management platform; and Interior Company, its wholly owned home interiors and modular furnishings business.

Urban Money has emerged as a key growth driver, facilitating loan disbursals worth ₹87,831 crore in FY26 through an extensive network of agents and strategic partnerships with more than 150 banks and NBFCs.

The group also operates a suite of technology platforms, including advanced data intelligence solutions for property valuation and title verification, alongside PropVR, an AI-powered platform that enables immersive 3D, virtual reality, and augmented reality property experiences.

The fundraising comes amid sustained momentum in India's real estate and mortgage sectors, which are benefiting from rapid urbanisation, rising household incomes, increasing homeownership aspirations among younger consumers, and regulatory reforms such as RERA that have strengthened transparency and buyer confidence.

As property transactions become increasingly digitised, integrated technology-driven platforms such as Square Yards are well positioned to capitalise on the sector's long-term growth opportunities by delivering greater efficiency, transparency, and trust across the real estate ecosystem.