Square Yards has entered the unicorn club after raising ₹900 crore, or about $95 million, in a fresh mix of debt and equity, according to recent reports. The funding was led by EAAA Alternatives, with participation from global corporate credit manager Muzinich & Co., and it pushed the Gurugram-based proptech company’s value above $1 billion.
The round is important because Square Yards is not just a property listing platform. It works across real estate brokerage, mortgages, rentals, interiors, and property management, making it one of India’s more complete property-tech businesses. The company has also been expanding across India and overseas markets, which has helped it grow beyond a single-city or single-service model.
Recent numbers show the business is scaling fast. In FY26, Square Yards reported revenue of ₹2,086 crore, up 48% year on year, while EBITDA rose 3.7 times to ₹176 crore. Earlier reports also showed strong traction, with FY25 revenue at ₹1,410 crore and a steady move toward profitability as the company prepared for an IPO.
The startup is now preparing for a public listing and may raise another $50 million to $60 million before the IPO, according to reports. For India’s proptech sector, this is a major milestone because it shows that investors still believe in tech-led real estate platforms with strong operating metrics. Square Yards’ unicorn status also signals growing confidence in businesses that combine technology, finance, and real estate services under one platform.
FAQs [Frequently Asked Questions]
1. What did Square Yards raise?
Square Yards raised ₹900 crore, or about $95 million, in a mix of debt and equity to support growth and its IPO plans.economictimes.
2. Who led the funding round?
The round was led by EAAA Alternatives, with participation from Muzinich & Co., a global corporate credit investor.
3. Why is this funding important?
The round made Square Yards a unicorn and gave the company more strength to expand, improve technology, and prepare for a public listing.