Square Yards Enters Unicorn Club After Raising Rs 900 Cr Funding Led by EAAA Alternatives
The company reported revenue of ₹2,086 crore in FY26, marking a 48% year-on-year increase, while EBITDA grew nearly 3.7 times to ₹176 crore.
Real estate and mortgage technology platform Square Yards has entered India’s unicorn club 2026 after raising ₹900 crore (approximately $95 million) through a funding round comprising a mix of debt and equity financing.
The round was led by EAAA Alternatives, with participation from global corporate credit investment firm Muzinich & Co. Following the fundraise, the Gurugram-based proptech company crossed the $1 billion valuation mark, becoming one of India’s few real estate technology startups to achieve unicorn status.
The latest capital infusion marks one of the largest funding rounds raised by an Indian proptech company in recent years. Industry sources have also indicated that Square Yards is exploring an additional fundraising round of around $50 – 60 million as it prepares for a potential initial public offering (IPO), though the company has not officially confirmed these plans.
Founded in 2013 by Tanuj Shori and Kanika Gupta, Square Yards operates an integrated real estate and mortgage platform offering services across property transactions, home loans, rentals, interiors, and property management. The company has expanded its presence across India, the United Arab Emirates, Australia, and Canada.
Over the years, Square Yards has built a broader real estate ecosystem through multiple businesses, including mortgage marketplace Urban Money, rental and property management platform Azuro, and home interiors venture Interior Company.
The latest funding follows a period of strong financial growth for the company. Square Yards reported revenue of ₹2,086 crore in FY26, marking a 48% year-on-year increase, while EBITDA grew nearly 3.7 times to ₹176 crore. Its EBITDA margin improved to 8% from 3% in the previous financial year, reflecting improved operating efficiency and profitability.
Its fintech arm Urban Money has emerged as a key growth driver, facilitating loan disbursements worth ₹87,831 crore during FY26 through partnerships with banks and non-banking financial companies (NBFCs).
Commenting on the milestone, founder and CEO Tanuj Shori said the investment reflects confidence in Square Yards’ integrated business model and will help the company accelerate growth, strengthen technology capabilities, expand operations, and prepare for its next phase of development.
The unicorn milestone comes after Square Yards raised $35 million in a previous funding round led by South Korean investment firm Smilegate Group. That round valued the company at approximately $935 million, bringing it close to the billion-dollar valuation mark.