Square Yards, one of India’s leading integrated real estate platforms, has successfully raised $35 million in its latest funding round. The round was led by South Korea-based Smile Gate Group, alongside participation from existing investors. The infusion of capital has boosted the company’s valuation to $935 million, placing it on the cusp of unicorn status. This funding comes at a time when the Indian real estate sector is witnessing increased investor interest, particularly in technology-driven platforms that offer end-to-end services. Square Yards’ growth story has been remarkable, blending property brokerage with fintech and home services.
IPO Plans Signal Growth Ambitions
The company is actively preparing for a public listing, targeting an IPO of around ₹2,000 crore in 2026. In addition, it is reportedly in discussions to raise another $100 million through a combination of debt and equity. If successful, this next round could push Square Yards’ valuation over the $1 billion mark, officially earning it unicorn status. The IPO plans reflect the company’s confidence in its scalable business model and its ability to tap into multiple revenue streams. Analysts suggest that the listing could attract both domestic and global investors, given the platform’s proven track record and its diversified offerings.
Revenue and Profitability on the Rise
Square Yards has demonstrated strong financial growth over recent years. In FY25, the company reported revenue of ₹1,410 crore, with an EBITDA of ₹46 crore. The twelve months ending September 2025 saw revenue climb further to ₹1,670 crore, while EBITDA surged to approximately ₹120 crore. Over the past four years, the company has achieved an impressive compound annual growth rate of around 51%. This growth has been driven by increased demand for property transactions, along with the expansion of its fintech arm, Urban Money. The platform has facilitated property deals worth ₹12,000 crore and loans totaling ₹66,000 crore over the last year, underscoring its dominant presence in both real estate and financial services.
Diversified Services and Market Impact
Founded in 2014, Square Yards offers a wide range of services that go beyond traditional property brokerage. The company provides solutions for property buying and selling, rentals, home loans, interiors, and property management. Its fintech division, Urban Money, supports housing, personal, and secured loans, enhancing the platform’s appeal to both customers and investors. This integrated approach has positioned Square Yards as a one-stop solution for property and financial needs. The company’s ability to combine technology with real estate expertise has allowed it to capture a growing share of the market. Experts believe that with the upcoming IPO and continued funding, Square Yards is poised to strengthen its foothold in India’s fast-evolving proptech ecosystem.
Square Yards’ journey highlights the potential of technology-driven real estate platforms in India. Its near-unicorn valuation, solid financial performance, and upcoming IPO plans make it one of the most closely watched players in the sector. With a diverse business model and growing profitability, the company is well-positioned to attract investors and expand its market presence further.