Square Yards, an integrated real estate and mortgage platform, on Tuesday said it has raised $95 million (Rs 900 crore) in a funding round comprising a mix of debt and equity.
The round was anchored by EAAA Alternatives, with participation from global corporate credit manager Muzinich & Co., the company said in a statement.
The latest funding was completed at a higher valuation than its previous round. The company said it is also exploring raising an additional $50–60 million over the next quarter as part of its capital strategy.
The company further said the fresh capital will support its balance sheet and be used to fund expansion and technology development, as it prepares for an initial public offering (IPO). It already has an operational presence across India, the UAE, Australia, and Canada.
“We have spent the last few years building a highly profitable, scalable, and fully integrated platform. As we gear up for our upcoming IPO, this capital raise will provide us with the strategic firepower to accelerate our market expansion, deepen our technological moats, and continue delivering exceptional value to our customers and stakeholders,” said Tanuj Shori, Founder & CEO of Square Yards.
Square Yards offers end-to-end services encompassing property search, transactions, home loans, interiors, rentals, and property management. In FY26, the company recorded revenue of Rs 2,086 crore (approximately $223 million), up 48% year-on-year. EBITDA rose to Rs 176 crore (around $19 million), reflecting a 3.7-fold increase from the previous year.
The company said its revenue has grown at a compound annual growth rate (CAGR) of about 53% over the past five years.
“Our investment thesis was anchored in backing a profitable market leader operating with significant operating leverage in a highly fragmented market, providing a long runway for future growth. This transaction reflects our continued focus on supporting high-quality businesses with tailored capital solutions while maintaining a strong emphasis on downside protection and risk-adjusted returns,” said Amit Agarwal, CEO, EAAA Alternatives.
“This investment further strengthens EAAA Alternatives’ Special Situations Strategy, which provides bespoke solutions to businesses, supporting growth, refinancing, and balance sheet optimization,” he added.
