India’s proptech sector continues to gain momentum, and the latest funding milestone from Square Yards is a strong indicator of the industry’s growing potential. The company has reportedly raised ₹900 crore (approximately $95 million) in a fresh funding round led by EAAA Alternatives, with participation from Muzinich & Co. The investment reportedly values the company at more than $1 billion, officially placing it among India’s unicorn startups and strengthening its position ahead of a planned initial public offering (IPO).
Founded in 2014 and led by Kanika Gupta Shori and Tanuj Shori, Square Yards has emerged as one of India’s leading proptech platforms, leveraging technology to simplify real estate transactions and home-related services across multiple markets. For investors, entrepreneurs, and real estate professionals, this development highlights the growing confidence in technology-driven real estate businesses and the expanding opportunities within the global proptech ecosystem.
Square Yards Joins India’s Unicorn Club
Founded in 2014 and led by Kanika Gupta Shori and Tanuj Shori, Square Yards has steadily grown into one of the leading proptech companies operating across multiple real estate and home services markets. The company has built a strong presence by combining technology with property solutions, helping simplify the buying, selling, and investment process for customers.
The latest funding round marks a significant milestone in its growth journey. Achieving a valuation of over $1 billion not only places Square Yards in the unicorn club but also reinforces investor confidence in the company’s long-term vision, scalability, and market potential.
As the real estate sector increasingly embraces digital transformation, businesses that can successfully combine technology, customer experience, and market expertise are attracting greater attention from investors.
Fresh Capital to Accelerate Global Expansion
According to reports, Square Yards plans to use the newly raised funds to expand its operations across India, the UAE, Australia, and Canada. These markets represent both strong domestic opportunities and growing international demand for real estate services.
The company’s expansion strategy reflects its ambition to strengthen its presence in regions where property investments, cross-border transactions, and digital real estate solutions continue to gain traction. By expanding across multiple geographies, Square Yards aims to create a broader ecosystem that serves customers looking for property opportunities beyond their local markets.
For consumers and investors alike, this expansion could translate into improved access to real estate opportunities, enhanced service offerings, and more seamless cross-border property transactions.
Strengthening Technology Infrastructure
Alongside expansion, Square Yards intends to invest significantly in its technology infrastructure. In the proptech sector, technology plays a vital role in driving operational efficiency, improving customer experiences, and supporting large-scale growth.
Strengthening its technology capabilities is expected to enhance product reliability, optimize transaction workflows, improve data-driven insights, and streamline services across different markets. As digital tools continue to reshape the real estate industry, strong technology infrastructure becomes a key competitive advantage.
For customers, this means faster, more transparent, and more efficient property transactions, making the overall buying and investment journey smoother and more convenient.
Why This Funding Round Matters
The latest investment is significant not only for Square Yards but also for the broader proptech ecosystem. It demonstrates that investors continue to see substantial opportunities in technology-enabled real estate platforms despite changing market conditions.
The funding also highlights confidence in the company’s ability to scale operations while preparing for a future public listing. For many late-stage startups, securing capital before an IPO helps strengthen business fundamentals, expand market presence, and improve operational readiness.
Investor participation from EAAA Alternatives and Muzinich & Co. further reinforces the belief that large-scale proptech businesses can generate long-term value by combining innovation with real estate expertise.
IPO Plans Signal the Next Phase of Growth
Reports suggest that Square Yards may seek to raise an additional $50 million to $60 million over the coming quarter. This indicates that the company remains focused on building a strong financial foundation as it moves closer to entering the public markets.
Preparing for an IPO requires more than growth alone. Companies must demonstrate scalability, operational efficiency, governance standards, and a clear roadmap for future expansion. Raising additional capital can help support these objectives while strengthening investor confidence.
For Square Yards, the IPO journey could represent the next major milestone in its evolution from a startup into a globally recognized proptech company.
What This Means for India’s Proptech Industry
Square Yards’ latest funding milestone reflects the growing maturity of India’s proptech sector. It showcases how technology is transforming the real estate industry by making property transactions more accessible, efficient, and transparent.
As digital adoption accelerates and global investors continue to back innovative real estate platforms, companies like Square Yards are helping redefine the future of property services. The combination of fresh capital, international expansion plans, technology investments, and IPO ambitions positions the company for its next phase of growth.
More importantly, this funding round signals that investor confidence in proptech remains strong. As Square Yards continues to scale under the leadership of Kanika Gupta Shori and Tanuj Shori, its journey could become one of the defining success stories in India’s evolving startup and real estate technology landscape.
