Square Yards Turns Unicorn After INR 900 Cr Fundraise

Square Yards has announced the successful closure of a Rs 900 crore ($95 million) funding round comprising a mix of debt and equity. Following the funding, Square Yards has joined India’s unicorn club.

The round was anchored by EAAA Alternatives with participation from global corporate credit manager Muzinich & Co. The company said the fundraise was completed at an equity valuation significantly higher than its previous round and is expected to strengthen its balance sheet as it prepares for a public listing.

Building on this momentum, Square Yards is targeting an additional $50 million to $60 million raise over the next quarter as part of its broader capital strategy ahead of its anticipated IPO.

The company has witnessed strong growth in recent years. In FY26, Square Yards reported revenue of Rs 2,086 crore, up 48% year-on-year, while EBITDA surged 3.7 times to Rs 176 crore. Over the last five years, the company has recorded a revenue CAGR of approximately 53%.

Commenting on the development, Tanuj Shori, Founder and CEO of Square Yards, said, “This significant capital raise from such esteemed institutional partners is a profound validation of our resilient business model and our relentless pursuit of revolutionizing the real estate ecosystem. 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.”

Amit Agarwal, CEO of EAAA Alternatives, said the investment reflects the firm’s focus on supporting profitable market leaders with tailored capital solutions. Andrew Tan, CEO Asia Pacific at Muzinich & Co., added, “Square Yards has demonstrated a unique ability to scale their business rapidly while still maintaining capital efficiency. We look forward to supporting their continued growth and success.”

Operating across India, the UAE, Australia and Canada, Square Yards has evolved into an integrated real estate platform spanning transactions, mortgages, rentals, property management and home interiors.