Gurugram: Real estate and mortgage platform Square Yards has entered the unicorn club after raising ₹900 crore (approximately $95 million) through a mix of debt and equity in a funding round anchored by EAAA Alternatives, with participation from global corporate credit manager Muzinich & Co.
The latest funding values the company at over $1 billion, making it one of the largest capital raises by an Indian proptech company in the past five years. Square Yards is also reportedly in discussions to raise an additional $50–60 million ahead of its planned initial public offering (IPO).
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For the BFSI sector, the company’s mortgage platform Urban Money continues to be a significant growth engine. During FY26, Urban Money facilitated home loan disbursals worth ₹87,831 crore through partnerships with more than 150 banks and NBFCs, highlighting the growing convergence of digital property platforms and financial services.
Founded by Tanuj Shori and Kanika Gupta, Square Yards has built an integrated ecosystem spanning property transactions, home loans, rentals, interiors, and property management across India, the UAE, Australia, and Canada.
The company reported strong financial performance in FY26, with revenue rising 48% year-on-year to ₹2,086 crore, while EBITDA increased 3.7 times to ₹176 crore, expanding its EBITDA margin to 8% from 3% a year earlier.
Commenting on the fundraise, Tanuj Shori, Founder & CEO of Square Yards, said the investment validates the company’s integrated business model and will accelerate technology investments, business expansion, and preparations for its planned IPO.
Beyond its core brokerage business, Square Yards has expanded into adjacent businesses including mortgage marketplace Urban Money, rental and property management platform Azuro, and home interiors brand Interior Company, strengthening its position across the real estate value chain.
The latest funding underscores growing investor confidence in India’s digital real estate and housing finance ecosystem, with proptech platforms increasingly emerging as strategic partners for banks and NBFCs in mortgage origination and home financing.
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