Square Yards bags $35 million, eyes big IPO in 2026

Business Nov 27, 2025

Square Yards, a Gurugram-based real estate and mortgage platform, just raised $35 million from Smile Gate Group and existing backers.
This puts the company's value at $935 million and sets it up for a massive ₹2,000 crore IPO planned for 2026.
They're also hoping to raise another $100 million soon to hit unicorn status.

Strong growth and market moves

Launched in 2014, Square Yards offers everything from property deals to home loans.
In FY25, they pulled in ₹1,410 crore revenue with ₹46 crore EBITDA; by September 2025 those numbers jumped to ₹1,670 crore and ₹120 crore.
Most of their business comes through brokers and partners—last year alone they helped close property transactions worth ₹12,000 crore and arranged loans totaling ₹66,000 crore.