Square Yards becomes India’s latest unicorn with ₹900 crore raise, IPO on radar
Real estate consultant Square Yards on Tuesday, June 23, 2026, said it has raised ₹900 crore from investors to grow its business and refinance debt. Sources said the $95 million funding includes around one-third equity and two-thirds debt, at a valuation of more than $1 billion. This helped the company achieve unicorn status.
The funding round was anchored by EAAA Alternatives and saw participation from global corporate credit manager Muzinich & Co. Square Yards noted that the equity was raised at a valuation higher than its previous round. In December 2025, the company had raised $35 million at a valuation of $900 million. Since inception, it has raised $150 million in equity.
The company, primarily engaged in housing and home loan brokerage, also announced plans to launch its maiden public issue. The funding will strengthen the balance sheet, fuel further expansion and strengthen technological infrastructure, Square Yards said. It is preparing to launch an Initial Public Offering and is looking to close another $50-60 million over the next quarter at a valuation of $1.6 billion.
Founder and CEO Tanuj Shori said the capital raise validates the company’s resilient business model and its pursuit of revolutionising the real estate ecosystem. He added that Square Yards has built a profitable, scalable and fully integrated platform and the funds will provide strategic firepower to accelerate market expansion and deepen technological moats ahead of the IPO.
During FY26, Square Yards reported revenue of ₹2,086 crore, a 48% year-on-year growth. EBITDA jumped 3.7 times to ₹176 crore. The company operates an integrated platform covering property search, transactions, home loans through Urban Money, interiors and property management.
