Square Yards Revenue, Valuation, Funding & Investors
Square Yards is valued at $1B as of June 2026, a 4.5x multiple on its last reported $223M revenue.
Last Square Yards valuation
$1B
Undisclosed stage · Jun 2026
Last Square Yards funding round
$95M
Undisclosed stage · Jun 2026
Square Yards revenue
$223M
Undisclosed stage · Jun 2026
Key investors in Square Yards
Smilegate Investment
Kae Capital
Brand Capital
Analog Capital
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Boon Hwee KohBennett Coleman and Co Ltd
About Square Yards
Square Yards is a Gurgaon-headquartered proptech platform that facilitates real estate transactions, mortgages, rentals, and property management services across India, the UAE, Australia, and Canada. The company serves homebuyers, agents, developers, and banks through an integrated digital marketplace covering search, financing, interiors, and post-sale support.
Founded
2014
HQ
GurgaonWebsite
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Commission, Subscription
Revenue
$223M (Jun 2026)
Valuation
$1B (Jun 2026)
Square Yards Valuation
Square Yards is currently valued at $1B, based on its undisclosed-stage round in June 2026.
The $95M round was led by EAAA Alternatives, with participation from Muzinich & Co.
Square Yards' valuation has grown 3.3x from $300M at its undisclosed-stage round in September 2019 to $1B in June 2026, across 4 priced rounds.
Square Yards valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2026 | Undisclosed stage | $1B | 4.5x |
| Nov 2025 | Undisclosed stage | $935M | 5.2x |
| Jul 2021 | Undisclosed stage | $300M | - |
| Sep 2019 | Undisclosed stage | $300M | 12.5x |
Square Yards Revenue
Square Yards' latest recorded revenue is $223M, as of its undisclosed-stage round in June 2026. At a $1B valuation, that implies a 4.5x revenue multiple.
Revenue grew from $24M in September 2019 to $223M in June 2026, while the revenue multiple moved from 12.5x to 4.5x.
Square Yards revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2026 | $223M | $1B | 4.5x | Undisclosed stage |
| Nov 2025 | $179M | $935M | 5.2x | Undisclosed stage |
| Sep 2019 | $24M | $300M | 12.5x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Square Yards Funding History
Square Yards has raised a total of $228M across 8 funding rounds.
Square Yards' first fundraising round was a $6M seed round in May 2015. The most recent completed round was a $95M undisclosed-stage round in June 2026.
Square Yards funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Undisclosed stage | EAAA Alternatives (lead); Muzinich & Co | $95M | $1B | Square Yards, an integrated real estate and mortgage platform based in Gurugram, raised $95 million (Rs 900 crore) in a funding round comprising a mix of debt and equity, anchored by EAAA Alternatives with participation from global corporate credit manager Muzinich & Co. The round was completed at an equity valuation significantly higher than its previous round, with sources indicating a valuation of over USD 1 billion, thereby granting the company unicorn status. The fresh capital will support the company's balance sheet, fund expansion, and drive technology development as it prepares for an initial public offering (IPO). Square Yards is also exploring raising an additional $50–60 million over the next quarter, potentially at a valuation of $1.6 billion, to further strengthen its balance sheet, technology capabilities, and expansion strategy ahead of its IPO. The company reported FY26 revenue of Rs 2,086 crore, up 48% year-on-year, while EBITDA rose 3.7 times to Rs 176 crore, reflecting significant operating leverage in a highly fragmented market. Square Yards offers integrated services from property search to home loans and interiors, and its mortgage business has emerged as a key growth driver. The company counts venture capital firm Kae Capital and media conglomerate the Times Group among its existing investors. |
| Nov 2025 | Undisclosed stage | Smilegate Investment (lead) | $35M | $935M | Square Yards, a proptech platform offering integrated real estate services including property search, financing, brokerage, interiors, rentals, and management, operates in India, the Middle East, Australia, and Canada. Founded in 2014 by Tanuj Shori and Kanika Gupta Shori, it raised $35 million (INR 312 crore) in a fresh equity round on approximately November 25-28, 2025, led by Smilegate Investment (also referred to as Smile Gate Group or Smilegate VC), with participation from existing investors. The round was at a $900 million pre-money valuation, positioning the company near unicorn status, with plans for an additional $100 million in equity and debt to exceed $1 billion post-money. The company reported strong financial performance, with FY25 revenue of INR 1,409.9 crore ($165-170 million) and EBITDA of INR 45.8-46 crore ($6 million), achieving profitability in the past four consecutive quarters including Q2 FY26 profit of $2.6 million. Trailing twelve-month revenue ending September 2025 reached INR 1,670 crore, with EBITDA at INR 120 crore; H1 FY26 revenue grew 44% YoY to INR 833.2 crore and EBITDA was INR 23 crore. India operations account for 85% of revenue, with a 51% CAGR over the last four years. Square Yards is preparing for a Rs 2,000 crore IPO in 2026, targeting DRHP filing between December 2025 and March 2026, comprising equal fresh issue and OFS, with founders retaining over 50% stake post-listing. The platform has raised over $110 million to date from investors including Bennett Coleman, Reliance Group Holdings, and ADM Capital, leveraging sustained demand in domestic and international markets for accelerated growth toward public listing. |
| Jul 2021 | Undisclosed stage | ADM Capital (lead) | $25M | $300M | Square Yards is a Gurugram-based proptech platform offering an integrated ecosystem for real estate services, including search and discovery, transactions, mortgages, home interiors, rentals, property management, post-sales services, and B2B SaaS to agents, developers, banks, and financial institutions. It operates in India, the Middle East, Australia, and Canada, and has expanded through organic growth and acquisitions like PropsAMC for data intelligence and asset management, as well as capabilities in rentals, property management, VR, and home interiors. In July 2021, it raised $25 million (Rs 185 crore) in growth financing from Hong Kong-based ADM Capital, described as the first tranche of a larger $100 million plan, with funds allocated to expand verticals across the value chain, brand, and personnel investments. Founder and CEO Tanuj Shori highlighted the company's capital efficiency, high ROI focus, and recent profitability in pilots for rentals, property management, and home interiors, positioning it for accelerated growth. ADM Capital, with $2.4 billion AUM across Asia Pacific and Europe, supports Square Yards' scale-up and digital disruption in traditional industries, offering ESG expertise. The round was led by ADM Capital and characterized variably as growth capital, debt, or convertible instruments in sources. Square Yards continued fundraising, raising additional rounds including $35 million in 2025 led by Smilegate Investment, with total funding exceeding $100 million across equity and debt, and recent estimates placing valuation at $850-900 million ahead of a potential 2026 IPO. |
| Sep 2019 | Undisclosed stage | Bennett Coleman and Co Ltd (lead); Analog Capital; Singtel; Genkai Capital; Steve Melhuish; Jani Rautiainen; Boon Hwee Koh; Brand Capital; DBS Securities Limited | $20M | $300M | Square Yards Consulting Pvt. Ltd. is a tech-enabled real estate brokerage platform founded in 2014 by Tanuj Shori and Kanika Gupta Shori, operating as a full-stack proptech firm that connects buyers, agents, and developers. It offers services including property search for buying and renting, home loans via its Square Capital unit (partnered with 90 banks and NBFCs), interior design, packers and movers, and an AI-enabled enterprise solution called Edge for developers and brokerages. The platform has ties with about 500 developers and operates across 10 countries, enabling annual transactions of assets worth around $1 Bn. In September 2019, Square Yards raised $20 million (Rs 142.2 crore) in an equity funding round led by Bennett Coleman & Co Ltd (Times Group/BCCL), with participation from Genkai Capital (Japanese real estate investor), PropertyGuru founders Steve Melhuish and Jani Rutiainen, Koh Boon Hwee (ex-chairman of Singtel and DBS), and some existing investors including those from prior rounds. This brought total equity funding to $50 million, plus over $25 million in debt since inception. The company estimated its post-money valuation at $260-300 million in this round. Funds were allocated for geographical expansion into emerging markets with large primary residential segments and fragmented distribution, upgrading technology infrastructure (including AI tools), and building a go-to consumer brand. Just prior, in late 2018 or early 2019, it had raised $12 million from Reliance Group's PE arm, and earlier $6 million in 2015 pre-Series A. Financial traction near the round included FY 2019 (Apr 2018-Mar 2019) revenue of Rs 220 crore, with Q1 FY20 (Apr-Jun 2019) revenue of nearly Rs 60 crore, and a claimed revenue run rate of $44 million at announcement. The round positioned Square Yards for aggressive growth amid India's real estate market, leveraging data-driven brokerage over traditional relationship-based models. Subsequent developments included further raises like INR 1.85 billion in Jul 2021 led by ADM Capital and talks in 2024-2025 for $100-120M pre-IPO at $1Bn valuation ahead of FY26 listing, with later revenues reaching INR 1,000 Cr in FY24 and EBITDA breakeven. |
| Jan 2018 | Undisclosed stage | - | $25M | - | - |
| Jan 2017 | Series A | Andre Hoffmann (lead); Lohia Group (lead) | $10M | - | Square Yards raised $10 million in convertible notes from investors including Andre Hoffmann and Lohia Group around December 2017. The funding supported strengthening verticals in NRI market, global real estate, and mortgage broking, along with new initiatives like broker aggregation and property management, and expansion into international geographies across over 10 countries. This marked the company's second round in three months, following $12 million from Reliance Group’s private equity arm and prior $11 million pre-Series A, bringing total funding to approximately $33 million since 2013. Square Yards operates as a tech-backed platform for real estate transactions and aggregation, focusing on online-to-offline services including search, discovery, mortgages, and property management. It closed around 11,000 deals in 2017 with gross transactional value of approximately $950 million by December, up 81% from 2016, and its digital lending arm distributed $30-40 million in loans monthly. The company reported gross revenue of $28 million for 2017, an 84% increase year-over-year, with a net revenue run rate of around $1.5 million monthly earlier in the year. Square Yards serves NRIs contributing over 40% of revenues, with additional contributions from capital and international real estate at around 10% each, partnering with over 500 developers globally and generating over 75,000 leads monthly through its portal. It charges commissions of 2-10% on property sales from developers and on loans from banks/NBFCs, operating in a market poised for transparency under regulations like RERA. |
| Nov 2016 | Series A | Reliance (lead) | $12M | - | Square Yards is a real estate aggregation and transaction platform founded in 2013, focusing on the Non-Resident Indian (NRI) market with an online-to-offline (O2O) model. The company offers property brokerage, mortgage advisory, and developer marketing services across India and international markets. In November 2016, Square Yards secured $12 million in institutional funding from the private equity arm of Reliance Group, led by Anil Ambani. This marked the company's first institutional investment, following a $11 million raise from high net worth investors in 2015. The funding was intended to expand Square Yards' distribution network across India and globally, with plans to operate in 25+ countries and establish offices in markets including Toronto, Vancouver, Sydney, and Muscat. At the time of the funding, Square Yards reported strong operational traction, claiming a net revenue run rate of $1.5 million to $2 million per month (annualized to approximately $18–$25 million) and a transaction run rate of 600–800 units per month. The company had grown to over 1,200 employees across 29 offices in nine countries and claimed to have closed over 6,000 transactions with a gross transaction value of $800 million during 2016. The company positioned itself as the largest distributor of primary residential real estate in India and aspired to become the largest mortgage advisory and developer marketing firm in the country. By leveraging Reliance's operational expertise and access to large-scale consumer business practices, Square Yards aimed to accelerate its growth trajectory and achieve double-digit market share in Indian real estate distribution. |
| May 2015 | Seed | White Unicorn Ventures; Kae Capital | $6M | - | Square Yards raised $6 million in a pre-series funding round in April 2015 from a group of high-net-worth individual (HNI) investors, including Kae Capital and White Unicorn Ventures. The full-stack proptech platform focuses on the NRI segment for primary residential real estate sales, mortgage services, and international expansion into markets like Singapore, Hong Kong, Dubai, Abu Dhabi, and London. At the time, the company had scaled to operations in 21 cities and six countries with over 900 employees, achieving more than 300 monthly transactions and a gross transaction value exceeding USD 450 million. |
Who has invested in Square Yards?
18 investors have backed Square Yards across its funding rounds, including Smilegate Investment, Kae Capital, Brand Capital, Analog Capital, Boon Hwee Koh and Bennett Coleman and Co Ltd.
Lead investors include EAAA Alternatives, Smilegate Investment, ADM Capital, Bennett Coleman and Co Ltd, Andre Hoffmann and 2 other investors.
Square Yards Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Singapore | 1 | Participant | Sep 2019 | |
| Singapore | 1 | Participant | Sep 2019 | |
 New York City, NY | 1 | Participant | Jun 2026 | |
 Seongnam | 1 | Lead | Nov 2025 | |
 Fukuoka | 1 | Participant | Sep 2019 | |
| Steve Melhuish | Singapore | 1 | Participant | Sep 2019 |
| Singapore | 1 | Lead | Jun 2026 | |
 Hong Kong | 1 | Lead | Jul 2021 | |
| Jani Rautiainen | Singapore | 1 | Participant | Sep 2019 |
| Boon Hwee Koh | Singapore | 1 | Participant | Sep 2019 |
| Mumbai | 1 | Participant | Sep 2019 | |
| Mumbai | 1 | Lead | Sep 2019 | |
| Mumbai | 1 | Participant | May 2015 | |
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Start Free TrialAcquisitions by Square Yards
Square Yards has acquired 5 companies to date.
Last acquisition by Square Yards was on March 17th 2021. Square Yards acquired PropVR for undisclosed valuation.
Latest Acquisitions by Square Yards
| Description | PropVR is a Mumbai-based proptech platform delivering 3D virtual tours and augmented reality property views. Its AI tools generate immersive experiences from 2D photos for brokers and buyers. Serving India's residential market, PropVR integrates with portals like MagicBricks. Founded in 2021, the company processes thousands of listings monthly. | PropsAMC is an Indian real estate asset management platform integrating data for verification, management, and compliant decision-making to foster transparent transactions. | Azuro.in is a technology platform managing residential rental properties in Mumbai, India. The service handles tenant sourcing, rent collection, maintenance, and compliance for property owners seeking hassle-free operations. | Oryden Tech Labs is a Hyderabad-based design and animation studio delivering 3D modeling, motion graphics, and visual effects for advertising and gaming clients. The company produces assets for mobile apps and AR experiences using tools like Blender and Unreal Engine. Oryden Tech Labs serves brands in India and the U.S., handling projects from concept to rendering. Established in 2014, it employs specialists in rigging and texturing for automotive visualizations. | |
| HQ Country | | | | | |
| HQ City | Chennai | Mumbai | Mumbai | Ahmedabad | |
| Deal Date | 17 Mar 2021 | 19 Feb 2021 | 6 Feb 2020 | 19 Oct 2015 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Square Yards Competitors
Square Yards competitors include listed companies like eFinance and LegalZoom, and private ones like DocPlanner, Vagaro, Iwjw and Kujiale.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Warsaw | Private | - | - | $1B | - | |
| United States | Private | - | - | $1B | - | |
 Egypt | Publicly listed | $130M | $67M | $1.6B | - | |
 Shanghai | Private | - | - | $1B | - | |
| Hangzhou | Private | $41M | - | $1B | 24.4x | |
| United States | Publicly listed | $756M | $74M | $1B | 1.1x |
Square Yards Public Comps
Square Yards is still privately-owned, but its public comps include SMZDM.com, QuinStreet, Grupa Pracuj, Ibotta, Vitec Software, LegalZoom, Nextdoor, Tripadvisor, Upwork and Web Travel Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $192M | $19M | 4.9x | 4.7x | 47.8x | 42.1x | |||
| $1.3B | $61M | 0.7x | 0.7x | 15.8x | 7.9x | |||
| $214M | $95M | 4.6x | 4.4x | 10.3x | 9.7x | |||
| $342M | $7M | 2.5x | 2.4x | 114.9x | 15.3x | |||
| $371M | $151M | 3.7x | 3.5x | 9.1x | 9.0x | |||
| $756M | $74M | 1.2x | 1.1x | 12.1x | 4.8x | |||
| $258M | ($69M) | 2.4x | 2.2x | (8.8x) | 27.8x | |||
| $1.9B | $160M | 0.6x | 0.6x | 6.8x | 4.2x | |||
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Common questions about Square Yards
| When was Square Yards founded? | Square Yards was founded in 2014. |
| Where is Square Yards headquartered? | Square Yards is headquartered in Gurgaon, India. |
| Is Square Yards publicly listed? | No, Square Yards is a private, VC-backed company. |
| What is Square Yards' valuation? | Square Yards was last valued at $1B in its undisclosed-stage round in June 2026. |
| How much funding has Square Yards raised? | Square Yards has raised $228M across 8 funding rounds. |
| What was Square Yards' last funding round? | Square Yards' last funding round was a $95M undisclosed-stage round in June 2026, led by EAAA Alternatives. |
| Who are Square Yards' investors? | Square Yards' investors include Analog Capital, Singtel, Muzinich & Co, Smilegate Investment, Genkai Capital, Steve Melhuish, EAAA Alternatives, ADM Capital, Jani Rautiainen, Boon Hwee Koh and 8 others. |
| What is Square Yards' revenue? | Square Yards' latest recorded revenue is $223M (June 2026). |
| What is Square Yards' revenue multiple? | Square Yards' latest valuation implies a 4.5x revenue multiple ($1B valuation on $223M of revenue). |
| Which companies are comparable to Square Yards? | Companies comparable to Square Yards include DocPlanner, Vagaro, eFinance, Iwjw, Kujiale and LegalZoom. |
| How many companies has Square Yards acquired? | Square Yards has acquired 5 companies, including PropVR, PropsAMC, Azuro.in, Oryden Tech Labs and Realizing.in. |
| What was the largest acquisition by Square Yards? | The $5M acquisition of Realizing.in in June 2015 is the largest acquisition Square Yards has made to date. |
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