Speaking to CNBC-TV18, Tanuj Shori, Founder & CEO of Square Yards, said the latest funding validates the company’s decade-long journey of building India’s largest consumer home-buying platform. “Square Yards helps consumers search for homes, transact, finance, and renovate them. We are category-defining leaders in a very large total addressable market, with practically no competition. The next-largest player is not even one-third our size,” Shori said.
The company has built a robust platform integrating real estate brokerage, home loans, rentals, interiors, and property management. According to Shori, the business moves close to ₹16,000 crore in real estate annually and helps originate over ₹10,000 crore of loans every month. It also acquires more than 15,000 consumers every month, many of whom use multiple services across the platform.
While Shori did not disclose exact details of the upcoming $100 million round, he indicated that the capital will serve both as growth funding and for restructuring the cap table. “There are always growth opportunities. Even though the business is now generating free cash flow, we believe there is an opportunistic growth capital need, along with some cap table restructuring,” he said.
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The $35 million infusion is seen as a precursor to a larger strategic milestone — a planned IPO in 2026. Square Yards is reportedly aiming for a ₹2,000 crore public listing next year, riding on a strong growth trajectory and improving profitability. With FY25 revenue at ₹1,410 crore and a trailing-12-month run-rate hitting ₹1,670 crore, the company is poised for rapid expansion while moving towards double-digit EBITDA margins.
Shori described the journey ahead as “still at day zero,” noting that the company has only tapped a fraction of the market. “What we have built over the last decade is just the start. We hope to build something meaningful over the next few years,” he said.
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