Square Yards has secured $35 million in a new equity round led by Smile Gate Group, with participation from existing investors. The company continues to attract global interest as it prepares for its next growth phase.
According to a VC Circle report, sources familiar with the deal said the company reached a pre-money valuation of $900 million, while plans for a 2026 listing target a valuation of at least $1.5 billion.
Square Yards operates as a broad PropTech and real-estate marketplace. Its portfolio includes services for new home discovery and property resale (“Square Yards”), rental and property management (“azuro”), interior and home renovation (“Interior Company”), and real-estate–focused financial products (“Urban Money”).
Because these units operate across different parts of the housing cycle, the company positions itself as a full-stack PropTech platform.
In its second-quarter filings for the 2026 financial year, the company reported a return to profitability. It reversed a $5.6 million loss from 2025 and posted a $2.6 million profit. Besides that, Square Yards has remained profitable for four consecutive quarters. Its India business now contributes 85% of overall revenue.
VC Circle also noted that two unnamed global investment funds are in advanced discussions to provide an additional $100 million through a mix of cash and debt. If completed, this may further support the company’s expansion and upcoming public listing plans.
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