SquareYards, an integrated real estate and mortgage platform, has raised $35 million (about INR 312 crore) in a funding round led by Korean VC Smile Gate and other existing investors, putting its valuation at $900 million.
According to sources, the company is also in advanced discussions to secure an additional $100 million from major funds through a combination of debt and equity.
Once this funding round is completed, Square Yards is likely to become a unicorn as it moves toward a ₹2,000 crore IPO planned for 2026.
Founded in 2014, Square Yards operates as a full-service real estate and mortgage platform, covering property search, transactions, home loans, interiors, rentals, and property management.
Its fintech arm, Urban Money, provides a range of loans, including housing, personal, and secured loans.
Around 87% of Square Yards’ business comes from partner channels like brokers, advisors, and lending partners, with the remaining business coming through its own direct operations.
Over the past year, the company says it enabled ₹12,000 crore in property transactions and ₹66,000 crore in loans.
For FY25, the company recorded ₹1,410 crore (about $170 million) in revenue and ₹46 crore in EBITDA, driven by a strong real estate market and rising demand for mortgage distribution.
Read More- Naver Acquires Cenacle After InBody Deal, Accelerates Push Into Digital Healthcare
