Gurugram-based proptech firm Square Yards raised $95 million (₹900 crore) in a mixed debt and equity round, achieving a valuation over $1 billion.
The company posted strong FY26 financials, with operating revenue growing 48% to ₹2,086 crore and EBITDA margins expanding to 8%.
The in-house mortgage platform, Urban Money, acts as the primary profitability engine, facilitating nearly ₹88,000 crore in loan disbursals.
The funding provides the financial flexibility needed to deepen technological moats and accelerate expansion ahead of a planned ₹2,000 crore IPO.
Strategic reliance on cyclical real estate transaction closures and loan disbursals remains the company's primary macroeconomic risk.
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