Square Yards Enters Unicorn Club with ₹900 Crore Infusion
In a major milestone for the Indian proptech sector, Square Yards has officially achieved unicorn status following a massive ₹900 crore (approximately $95 million) capital infusion. The latest funding round, which consisted of a strategic mix of approximately one-third equity and two-thirds debt, pushed the company’s valuation past the highly coveted $1 billion mark. This represents a significant step up from its previous valuation of $900 million in late 2025.
The funding round was anchored by EAAA Alternatives, with substantial participation from Muzinich & Co., a globally recognized corporate credit manager. This influx of capital is earmarked to fundamentally strengthen the company’s balance sheet, refinance existing higher-cost debt, and aggressively scale its technology infrastructure. The capital will also support Square Yards’ ongoing expansion beyond basic property brokerage into a comprehensive ecosystem encompassing financial services, home interiors, and property management across India, the UAE, Australia, and Canada.
Strong Financials Pave the Way for IPO Plans
Square Yards’ elevation to unicorn status is underpinned by a period of exceptionally strong financial performance. For the fiscal year ending March 2026, the company reported a massive 48% year-on-year surge in revenue, reaching ₹2,086 crore. Even more impressively, the firm’s EBITDA skyrocketed by 3.7 times to hit ₹176 crore, proving that its integrated, full-stack business model is capable of generating sustainable, scalable profits in a notoriously fragmented real estate market.
With a fortified balance sheet and proven profitability, Square Yards is now strategically positioning itself for the public markets. Industry insiders suggest the company is actively preparing for an Initial Public Offering (IPO) designed to raise upwards of ₹2,000 crore. The current ₹900 crore funding round serves as a critical pre-IPO consolidation step, allowing the proptech giant to optimize its financial structure and accelerate its market dominance ahead of its highly anticipated public market debut.
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