Square Yards Hits Unicorn Status With $95 Million Funding Injection

Gurugram-based proptech platform Square Yards has successfully attained unicorn status, securing approximately Rs 900 crore ($95 million) in a mix of debt and equity funding. The latest investment round was anchored by EAAA Alternatives, with participation from global corporate credit manager Muzinich & Co., pushing the company's valuation past the $1 billion mark.

The company has reported a robust financial performance, with FY26 operating revenue reaching Rs 2,086 crore—a 48% year-on-year increase—and EBITDA jumping 3.7 times to Rs 176 crore. This growth is driven by its integrated real estate ecosystem, which includes the mortgage marketplace Urban Money, property management platform Azuro, and home interior brand Interior Company. Urban Money, specifically, processed Rs 87,831 crore in loan disbursals during the last fiscal year.

This capital injection serves as a strategic precursor to a planned initial public offering (IPO), with reports suggesting the company is in discussions to raise an additional $50-60 million next quarter. By strengthening its technology stack and market presence across India, the UAE, Australia, and Canada, Square Yards aims to solidify its position as the leading integrated player in the proptech sector before its public listing.