Real estate technology firm Square Yards has raised $35 million from investors, including Smile Gate, at a valuation of $900 million to expand business, according to sources.
Gurugram-based Square Yards, which is mainly into property brokerage and home loans, posted revenue of Rs 1,410 crore in the last financial year.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
According to sources, Square Yards has raised $35 million, led by Korean venture capital fund Smile Gate and other existing investors.
The amount was raised at a $900 million pre-money valuation, they added.
Square Yards declined to comment.
The company has raised $170 million so far.
Square Yards also plans to raise $100 million at a valuation of more than $1 billion, enabling the company to become a Unicorn.
During the first half of this fiscal, the company's revenue rose 44% to Rs 833.2 crore.
Square Yards, which has a presence in India and the UAE property markets, is targeting a revenue of Rs 2,000 crore during this fiscal.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.