Square Yards Raises $35 M, Eyes Unicorn

Square Yards secures $35 million funding, moves toward unicorn status

Square Yards, a leading integrated real-estate and mortgage platform, has raised $35 million (≈ ₹312 crore) in a fresh funding round led by the South Korea–based investor Smile Gate, along with participation from existing backers. The round gives the company a pre-money valuation of approximately $900 million, positioning it near “unicorn” territory.

Growth ambition and IPO plans

The new funds are aimed at accelerating the expansion of Square Yards’ services across property listing, mortgage facilitation and allied tech-driven real-estate services - both in India and globally. The company is reportedly preparing for a potential IPO in 2026, with a draft-filing of about ₹2,000 crore being discussed. This IPO preparation marks a major milestone for the proptech startup, suggesting strong confidence in sustained growth.

Strong financials backing the vision

Square Yards recently reported robust performance: in FY25, the company achieved significant revenue and profitability metrics, reinforcing investor confidence and strengthening its readiness for public listing. With rising demand for online real-estate services and a shift toward tech-enabled property transactions, Square Yards appears well-placed to leverage changing market dynamics.

Implications for Indian real-estate & proptech

This funding round is indicative of growing investor interest in the Indian proptech sector, especially platforms that combine real-estate listings with mortgage and financing solutions. As consumers increasingly seek transparent, tech-enabled ways to buy or finance homes, such platforms may drive structural changes in how real estate is bought and financed in India.

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