Square Yards Raises Rs 900 Cr From Investors, Becomes Unicorn

New Delhi: Real estate consultant Square Yards on Tuesday announced that it has raised Rs 900 crore from investors to support business growth and refinance existing debt. According to the company, the funding round comprised a mix of debt and equity and was anchored by EAAA Alternatives, with participation from global corporate credit manager Muzinich & Co..

Square Yards said the equity capital was raised at a valuation higher than its previous funding round. Sources indicated that the company secured the funds at a valuation exceeding USD 1 billion, helping it attain unicorn status.

During the last fiscal year, Square Yards reported revenue of Rs 2,086 crore, marking a 48 per cent year-on-year growth. Its EBITDA increased 3.7 times to Rs 176 crore. The company provides integrated real estate services, including property search, transactions, home loans, interiors, and property management.

The company stated that the fresh capital will strengthen its balance sheet, support further business expansion, and enhance its technological infrastructure. It also confirmed that it is preparing for an Initial Public Offering (IPO).

Commenting on the fundraise, Tanuj Shori 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.”

The company added that it operates a 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,” Shori said.

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