Square Yards raises $35M valuing the company at $935M

Square Yards raised $35 million led by Smile Gate Group, valuing it at $935 million ahead of a ₹2,000 crore IPO in 2026. Another $100 million is expected via debt and equity. Founded in 2014, it offers real estate and mortgage services through its fintech arm, Urban Money. With ₹1,410 crore FY25 revenue and ₹46 crore EBITDA, Square Yards saw a 51% CAGR. NoBroker became a unicorn in 2021.