Square Yards becomes Unicorn with ₹900 crore funding, plans IPO

Real estate consultant Square Yards on Tuesday (June 23, 2026) said it has raised ₹900 crore from investors to grow its business and refinance debt.

Sources said the ₹900 crore ($95 million) funding includes around one-third equity and two-thirds debt, at a valuation of more than $1 billion, thereby helping the company achieve unicorn status.

The company, primarily engaged in housing and home loan brokerage, has also announced plans to launch its maiden public issue. The latest round, anchored by EAAA Alternatives, saw participation from global corporate credit manager Muzinich & Co.

The funding will strengthen the balance sheet, fuel further expansion and strengthen technological infrastructure, Square Yards said, adding that the company is preparing to launch an Initial Public Offering (IPO).

Square Yards noted that the equity fund was raised at a valuation higher than its previous round.

In December last year, the company raised $35 million from investors at a valuation of $900 million. Since its inception, it has raised $150 million in equity.

Square Yards founder and CEO 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 revolutionising the real estate ecosystem.”

He highlighted that the company has, over the years, established 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,” Mr. Shori said.

During the last fiscal, Square Yards reported a revenue of ₹2,086 crore, registering a 48% year-on-year growth. Its EBITDA (earnings before interest, tax, depreciation and amortisation) jumped 3.7 times to ₹176 crore.

Square Yards offers integrated services, including property search, transactions, home loans, interior design solutions and property management.