Total amount raised
$97.8 Millions
Latest funding date
Location
Square Yards has successfully raised significant funding across multiple rounds, attracting a diverse group of investors including ADM Capital and Boon Hwee Koh. The platform offers an integrated consumer experience covering the full real-estate journey from search and discovery to post-sales services.
Keep reading to explore the intricacies of Square Yards' fundraising journey and the investors backing this innovative platform.
What Is Square Yards?
Square Yards, founded in 2014 by Kanika Gupta and Tanuj Shori, is headquartered in Gurgaon, Haryana, India. The company is a leading real estate platform offering a comprehensive consumer experience from search and discovery to post-sales services.
With a presence in over 20 cities and 9 countries, Square Yards caters to various stakeholders in the real estate value chain, including agents, developers, and banks. The platform also provides enterprise solutions and services such as mortgages, interiors, rentals, and property management.
Employing between 5001 and 10000 people, Square Yards continues to expand its footprint globally, leveraging technology to streamline the real estate process for consumers and businesses alike.
How Much Funding Has Square Yards Raised?
- Seed Round
- Amount Raised: $6M
- Date: May 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and build the initial platform.
- Venture Round
- Amount Raised: $12M
- Date: November 2016
- Lead Investors: Reliance Group Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance technology infrastructure.
- Convertible Note
- Amount Raised: $10M
- Date: January 2017
- Lead Investors: Andre Hoffmann, Lohia Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational scaling.
- Convertible Note
- Amount Raised: $25M
- Date: January 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand service offerings and enter new markets.
- Venture Round
- Amount Raised: $20M
- Date: September 2019
- Lead Investors: Bennett Coleman and Co Ltd
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand the consumer base.
- Private Equity Round
- Amount Raised: $25M
- Date: July 2021
- Lead Investors: ADM Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in various verticals and expand the integrated ecosystem of services.
Total Amount Raised: $98M. Current Valuation: Not publicly disclosed.
Key Investors
- ADM Capital
- Details: ADM Capital is a global investment manager with $2.4 billion in assets under management. Established in 1998, the firm provides flexible credit solutions to mid-sized corporates in the Asia Pacific region.
- Investment Focus Areas: Mid-sized corporates, flexible credit solutions, strong corporate governance, environmental and social compliance.
- Notable Investments: Disbursed over $670 million across 18 private financings in India.
- Reliance Group Holdings
- Details: Reliance Group Holdings is a major conglomerate in India, involved in various sectors including telecommunications, energy, and financial services. The group is known for its significant influence in the Indian market.
- Investment Focus Areas: Telecommunications, energy, financial services.
- Notable Investments: Reliance Jio, Reliance Retail, Reliance Power.
- Bennett Coleman and Co Ltd
- Details: Bennett Coleman and Co Ltd, also known as The Times Group, is India's largest media conglomerate. The company owns several leading newspapers, magazines, and television channels.
- Investment Focus Areas: Media, publishing, digital content.
- Notable Investments: Times of India, Economic Times, Times Now.
- Andre Hoffmann
- Details: Andre Hoffmann is a prominent investor and philanthropist, known for his involvement in various environmental and social initiatives. He is also a board member of several international organizations.
- Investment Focus Areas: Environmental sustainability, social impact, healthcare.
- Notable Investments: Not publicly disclosed.
- Lohia Group
- Details: Lohia Group is a diversified business conglomerate with interests in textiles, machinery, and real estate. The group has a strong presence in both domestic and international markets.
- Investment Focus Areas: Textiles, machinery, real estate.
- Notable Investments: Not publicly disclosed.
What's Next for Square Yards?
Square Yards is poised to capitalize on a multitude of opportunities, including expanding its integrated ecosystem of services and investing in verticals like rentals, property management, data intelligence, and virtual reality. The company has already secured Rs 185 crore from ADM Capital, with plans to raise over $100 million in the near term. This funding will enable Square Yards to accelerate its growth and enhance its service offerings, positioning it as a leader in the proptech industry.
Future fundraising efforts are likely to continue, given the significant opportunities available. However, challenges such as maintaining capital efficiency, integrating new acquisitions, and navigating a competitive landscape will require strategic planning and execution. With the support of investors like ADM Capital, Square Yards is well-equipped to overcome these hurdles and achieve its ambitious growth targets.
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