Real estate firm Square Yards is India's latest unicorn

Real estate firm Square Yards is India's latest unicorn

Square Yards, a real estate and mortgage platform, has become the latest entrant in India's unicorn club.

The Gurugram-based company raised ₹900 crore (around $95 million) in a funding round that included both debt and equity.

The round was led by EAAA Alternatives with participation from global corporate credit manager Muzinich & Co. This investment values Square Yards at over $1 billion.

A look at financial performance

Square Yards, founded by Tanuj Shori and Kanika Gupta, has a presence in India, UAE, Australia, and Canada.

The company is also looking to raise another $50-60 million in the next quarter as part of its ongoing capital strategy.

For FY26, Square Yards reported revenues of ₹2,086 crore (around $223 million), a 48% year-on-year growth.

The company's EBITDA also saw a massive jump of 3.7 times to ₹176 crore (around $19 million).