Square Yards bags $35 million, sets sights on unicorn status
Square Yards, the proptech platform founded by Tanuj Shori and Kanika Gupta Shori, just raised $35 million from South Korea's Smile Gate Group.
This funding values the company at a pre-money valuation of $900 million (post-money $935 million) and brings it closer to joining India's unicorn club.
Square Yards offers everything from property listings and rentals to mortgages and interiors, serving users in India and abroad.
Big IPO plans & strong growth numbers
The company is gearing up for a ₹2,000 crore IPO in 2026, aiming for at least a $1.5 billion valuation while founders plan to keep over half the ownership.
Financially, things are looking up: revenue jumped from ₹1,410 crore (FY25) to ₹1,670 crore (year ending September 2025), with EBITDA rising from ₹46 crore to ₹120 crore—marking four straight profitable quarters.
Most of its revenue comes from India and financial services contributed 60% of total revenue in H1 FY26.