Square Yards, a proptech company valued at $900 million, raises $35 million.

Square Yards, which was established in 2014, runs a comprehensive platform for mortgage and real estate services that includes property search, discovery, transactions, home loans, interiors, rents, and property management. Urban Money, a fintech division, offers secured, personal, and home loans. Aggregated channels like brokers, advisors, and loan partners account for more than 87% of its business, with direct operations accounting for the remaining portion.
 

Over the past 12 months, the organisation has arranged loans totalling Rs 66,000 crore and real estate transactions of Rs 12,000 crore. A robust real estate cycle and increased mortgage distribution volumes contributed to its FY25 revenue of Rs 1,410 crore and EBITDA of Rs 46 crore.

Square Yards has seen a 51% revenue CAGR over the last four years. Revenue jumped to Rs 1,670 crore and EBITDA to Rs 120 crore for the 12-month period ending in September 2025 as the company improved its profitability ahead of its ambition to go public.

SquareYards reported revenue for Q2 FY26 of Rs 455.5 crore in a separate statement, representing a 43% year-over-year increase. Revenue increased 44% year over year to Rs 833.2 crore for the first half of FY26. Compared to a loss of Rs 49 crore during the same time last year, EBITDA for the period was Rs 23 crore. The proptech industry is anticipated to develop more quickly in the second half of the year due to seasonal rebound and new product introductions, while financial services accounted for almost 60% of total revenue in H1.

The fintech sector spearheaded the company's 53% annual growth in the India market, which now accounts for 85% of overall sales. In Q2 of FY26, Gross Transaction Value increased 75% year over year. Thanks to a 320 basis point rise in gross margin to 19%, revenue surged 43% and gross profit increased 72% year over year.

Prior to a $20 million round in 2019 from Bennett Coleman & Co. and Japan's Genkai Capital, Square Yards last raised $25 million from ADM Capital in 2021. It faces competition from NoBroker, which in 2021 became the first proptech unicorn in India.