Square Yards hits $1B valuation on ₹900Cr raise, charts IPO course

For the proptech sector, Square Yards' ascent to unicorn status is a validation of the full-stack integration model that few have executed profitably at scale. By weaving property search, mortgage facilitation, interior design, and property management into a single technology-driven funnel, the company has built multiple revenue layers and a defensible moat. Now, armed with ₹900 crore in fresh capital and an IPO in sight, its journey from brokerage to public company offers a blueprint — and a stress test — for the next generation of real estate technology platforms.

Square Yards, the Indian real estate consultancy and proptech platform, has sealed a transformative funding round worth ₹900 crore (approximately $95 million), propelling it to unicorn status with a valuation exceeding $1 billion. The round, anchored by EAAA Alternatives with participation from Muzinich & Co., comprises roughly one-third equity and two-thirds debt — a structure that speaks as much to the company's maturing creditworthiness as to its growth ambition. The announcement, made on June 23, 2026, was accompanied by the revelation that Square Yards is preparing for an initial public offering, a move that could serve as a landmark for India's proptech ecosystem.

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Square Yards, the Indian real estate consultancy and proptech platform, has sealed a transformative funding round worth ₹900 crore (approximately $95 million), propelling it to unicorn status with a valuation exceeding $1 billion.

The company operates a full-stack, integrated platform spanning property search and transactions, home loans, interior design, and property management. Over the past fiscal year, it reported revenue of ₹2,086 crore, up 48% year-on-year, while EBITDA surged 3.7 times to ₹176 crore. That trajectory, coupled with steady margin improvement, provided a strong foundation for the round and the unicorn valuation. The deal arrives just six months after a December 2025 funding round that valued the company at $900 million — signaling rapid value creation and investor confidence in the model's scalability. Since inception, Square Yards has raised $150 million in equity, and this latest infusion is intended to strengthen the balance sheet, refinance existing debt, and deepen its technological infrastructure.

The equity-plus-debt composition is notable in the proptech space, where many startups have historically relied on equity-heavy rounds. The involvement of a credit specialist like Muzinich & Co. alongside alternatives manager EAAA Alternatives reflects a belief that Square Yards’ cash flows and asset-light but high-touch operating model can efficiently service debt, making the company less reliant on perpetual equity dilution. For founders and investors, this round serves as a template for structured growth capital that balances dilution and leverage, a consideration that will be closely watched as Indian proptech firms mature.

From a market perspective, the development validates the thesis that technology-enabled real estate services in India can reach scale while sustaining profitability — a combination that has often eluded similar platforms globally. The company’s ability to cross-sell mortgages, interiors, and property management alongside core brokerage creates multiple revenue streams and locks in customer lifetime value. That integration sets it apart from both traditional brokerages and asset-light listing platforms, and it will likely be a central narrative in its upcoming IPO pitch.