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Total amount raised
$133M
Latest funding date
2025-11-25
Location
Square Yards has successfully raised $35 million in a funding round led by Smilegate VC, with participation from existing investors. The company has gone through 7 funding rounds, positioning itself as a significant player in the real estate sector.
Keep reading to explore the intricacies of Square Yards' fundraising journey and the investors backing this innovative platform.
Square Yards has raised funding across seven rounds, backed by investors including Smilegate Investment, ADM Capital, Bennett Coleman and Co Ltd (Times Group), Reliance Group Holdings, Lohia Group, and Andre Hoffmann.
Keep reading to explore Square Yards' full fundraising journey, key investors, and what's next for the company.
What Is Square Yards?
Square Yards is an integrated real estate and mortgage platform headquartered in Gurugram (Gurgaon), India. Founded in 2013 by Tanuj Shori, it operates as a full-stack proptech company offering property search, transactions, home loans, and property management services. The platform serves buyers, sellers, developers, and NRI investors across India, the UAE, Australia, Canada, and Singapore. Square Yards is considered one of India's largest real estate transaction platforms, with ambitions to achieve unicorn status and pursue an IPO in 2026.
How Much Funding Has Square Yards Raised?
- Seed Round
- Amount Raised: USD 6,000,000
- Date: May 2015
- Lead Investors: Undisclosed (Singapore and Hong Kong-based investors)
- Series Unknown (Reliance Group Round)
- Amount Raised: USD 12,000,000
- Date: November 2016
- Lead Investors: Reliance Group Holdings (private equity arm of Anil Ambani-led Reliance Group)
- Convertible Note
- Amount Raised: USD 10,000,000
- Date: January 2017
- Lead Investors: Andre Hoffmann, Lohia Group
- Convertible Note
- Amount Raised: USD 25,000,000
- Date: January 2018
- Lead Investors: Undisclosed
- Series Unknown (BCCL Round)
- Amount Raised: USD 20,000,000
- Date: September 2019
- Lead Investors: Bennett Coleman and Co Ltd (Times Group)
- Participants: Genkai Capital (Japan), Steve Melhuish (co-founder, PropertyGuru), Jani Rautiainen (co-founder, PropertyGuru), Koh Boon Hwee (ex-Chairman, Singtel and DBS)
- Venture Debt
- Amount Raised: USD 25,000,000
- Date: July 2021
- Lead Investors: ADM Capital (Hong Kong)
- Private Equity Round
- Amount Raised: USD 35,000,000 (INR ~312 crore)
- Date: November 2025
- Lead Investors: Smilegate Investment (South Korea)
- Participants: Existing investors
- Valuation: USD 900 million (pre-money)
Total Amount Raised: at least $133M based on disclosed funding.
Key Investors
- Smilegate Investment
- Details: South Korean venture capital firm. Led Square Yards' November 2025 private equity round of $35 million at a $900 million pre-money valuation, supporting the company's IPO preparations and global expansion plans.
- ADM Capital
- Details: Hong Kong-based global investment manager founded in 1998. Led Square Yards' July 2021 venture debt round of $25 million as growth capital to fund expansion in proptech and fintech services.
- Bennett Coleman and Co Ltd (Times Group)
- Details: India's largest media conglomerate. Led Square Yards' September 2019 round of $20 million, alongside Genkai Capital and other strategic investors, valuing the company at approximately $260–300 million.
- Reliance Group Holdings
- Details: Private equity arm of Anil Ambani-led Reliance Group. Led Square Yards' November 2016 round of $12 million, which was the company's first institutional investment round.
- Andre Hoffmann & Lohia Group
- Details: Co-led the January 2017 convertible note round of $10 million. Andre Hoffmann is the CEO of L'Occitane. More than 70% of this financing was in the form of convertible instruments.
What's Next for Square Yards?
Square Yards is gearing up for continued expansion in the proptech space. With its latest funding round and a current valuation approaching unicorn status at $900 million, the company is actively preparing for an IPO on Indian exchanges, targeting a Rs. 2,000 crore listing in 2026. The company is also reportedly in advanced talks to raise an additional $100 million in a mix of equity and debt at a post-money valuation that would push it past the $1 billion unicorn threshold. Square Yards continues to invest in AI-driven real estate solutions, expand its mortgage and property management offerings, and grow its international footprint across the Middle East, Southeast Asia, and other key markets.
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