Square Yards raises INR 900cr (USD 95mn), plans additional USD50-60mn close as it prepares for IPO

New Delhi, June 23, 2026: Square Yards, India’s leading integrated real estate and mortgage platform, today announced the successful closure of a Rs 900 crore ($95 million) capital raise. The strategic investment, which comprises a mix of debt and equity, was anchored by EAAA Alternatives and saw participation from global corporate credit manager Muzinich & Co.

Following this capital infusion—which was completed at an equity valuation significantly higher than its previous round—Square Yards has firmly solidified its position as a dominant force in the global proptech ecosystem. Building on this momentum, the company is also looking to close another $50-60 million over the next quarter as part of its ongoing capital strategy.

Over the past several years, Square Yards has registered phenomenal, multi-fold growth. In its most recent fiscal year (FY26), the company reported robust revenues of Rs 2,086 crore (approx. $223 million), marking a 48% year-on-year growth. This top-line expansion was accompanied by a massive surge in profitability, with EBITDA jumping 3.7x to Rs 176 crore (approx. $19 million). This continues a remarkable long-term trajectory, highlighted by a 5-year revenue compound annual growth rate (CAGR) of approximately 53%.

From its origins as a primary brokerage, the company has successfully transitioned into a fully integrated ecosystem offering services across property search, transactions, home loans, interiors, and property management. With a strong operational footprint spanning India, the UAE, Australia, and Canada, this latest capital infusion helps fortify its balance sheet while enabling the company to fuel further expansion and strengthen its technological infrastructure as Square Yards aggressively prepares for its highly anticipated Initial Public Offering (IPO).

Commenting on the milestone, Tanuj Shori, Founder & 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. We have spent the last few years building a highly 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.”

Representatives from the investing firms also expressed strong confidence in Square Yards’ trajectory.

Amit Agarwal, CEO, EAAA Alternatives said, “We are pleased to partner with Square Yards at an important stage of its growth journey. Our investment thesis was anchored in backing a profitable market leader operating with significant operating leverage in a highly fragmented market, providing a long runway for future growth. This transaction reflects our continued focus on supporting high-quality businesses with tailored capital solutions while maintaining a strong emphasis on downside protection and risk-adjusted returns.”

This investment further strengthens EAAA Alternatives’ Special Situations Strategy, which provides bespoke solutions to businesses, supporting growth, refinancing, and balance sheet optimization, Mr. Agarwal further added.

Andrew Tan, CEO Asia Pacific, Muzinich & Co:
“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.”

Beyond its core brokerage and transactions business, Square Yards operates a portfolio of complementary consumer brands across the real estate value chain. These include Urban Money, one of India’s largest marketplaces for secured mortgages and lending solutions; Azuro, among the country’s largest rentals and property management services; and Interior Company, its fully owned home interiors and modular furnishing subsidiary. Urban Money has scaled rapidly, facilitating loan disbursals of Rs 87,831 crore in FY26 and operating through a network of agents and partnerships with more than 150 banks and NBFCs. The group also runs technology-led B2B platforms, including a data intelligence platform for property valuation and title search, and PropVR, an AI-powered tool for immersive 3D, virtual, and augmented reality property experiences.

The successful capital raise comes at a time of remarkable buoyancy in the Indian real estate and mortgage markets. The sector is currently witnessing an unprecedented multi-year upcycle, fuelled by rising urbanization, a burgeoning middle class, and strong regulatory frameworks like RERA that have boosted consumer confidence. Concurrently, the mortgage market is expanding rapidly as homeownership becomes a priority for younger demographics. With the increasing digitization of property transactions, integrated platforms like Square Yards are uniquely positioned to capture these massive economic tailwinds, bringing much-needed transparency, efficiency, and trust to the Indian real estate landscape.

Corporate Comm India (CCI Newswire)