Total amount raised
$97.8 Million
Latest funding date
7/1/2021
Location
Square Yards has successfully raised $35 million in a funding round led by Smilegate VC, with participation from existing investors. The company has gone through 7 funding rounds, positioning itself as a significant player in the real estate sector.
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, is India's largest integrated real estate platform. Headquartered in Gurgaon, Haryana, the company operates in over 20 cities and 9 countries, offering a wide range of services across the consumer home ownership journey.
With a workforce of 5001-10000 employees, Square Yards leverages technology, including VR and AI, to enhance its services. The company has facilitated property transactions worth over ₹70,000 Cr and home loans worth over ₹125,000 Cr, collaborating with over 2000 top developers and listing more than 150,000 projects.
How Much Funding Has Square Yards Raised?
- Private Equity Round
- Amount Raised: USD 35,000,000
- Date: November 2025
- Lead Investors: Smilegate Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion.
- Private Equity Round
- Amount Raised: INR 1,850,000,000
- Date: July 2021
- Lead Investors: ADM Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand and invest in various verticals across the value chain.
- Series Unknown
- Amount Raised: USD 20,000,000
- Date: September 2019
- Lead Investors: Bennett Coleman and Co Ltd
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion.
- Convertible Note
- Amount Raised: USD 25,000,000
- Date: January 2018
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion.
- Convertible Note
- Amount Raised: USD 10,000,000
- Date: January 2017
- Lead Investors: Andre Hoffmann, Lohia Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion.
- Series Unknown
- Amount Raised: USD 12,000,000
- Date: November 2016
- Lead Investors: Reliance Group Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion.
- Seed Round
- Amount Raised: USD 6,000,000
- Date: May 2015
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion.
Total Amount Raised: USD 133,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Smilegate Investment
- Details: Smilegate Investment is a South Korean venture capital firm known for its investments in technology and entertainment sectors. It has a strong presence in the Asian market and has been involved in multiple funding rounds for Square Yards.
- Investment Focus Areas: Technology, entertainment, real estate.
- Notable Investments: Smilegate Entertainment, Square Yards.
- ADM Capital
- Details: Established in 1998, ADM Capital is a Hong Kong-based investment manager with a focus on providing flexible credit solutions to mid-sized corporates in the Asia Pacific and Europe. The firm entered the Indian market in 2004.
- Investment Focus Areas: Credit solutions, corporate governance, environmental compliance.
- Notable Investments: Square Yards, various mid-sized corporates in Asia Pacific.
- Bennett Coleman and Co Ltd
- Details: Bennett Coleman and Co Ltd, also known as The Times Group, is one of India's largest media conglomerates. It has a diverse portfolio that includes newspapers, magazines, television, and digital media.
- Investment Focus Areas: Media, digital platforms, real estate.
- Notable Investments: Times Internet, Square Yards.
- Andre Hoffmann
- Details: Andre Hoffmann is a Swiss businessman and philanthropist, known for his investments in various sectors including healthcare and environmental sustainability. He is a member of the board of directors at Roche Holding.
- Investment Focus Areas: Healthcare, environmental sustainability, real estate.
- Notable Investments: Roche Holding, Square Yards.
- Reliance Group Holdings
- Details: Reliance Group Holdings is a major Indian conglomerate with interests in telecommunications, energy, financial services, and media. It is one of the largest and most diversified business groups in India.
- Investment Focus Areas: Telecommunications, energy, financial services, media, real estate.
- Notable Investments: Reliance Jio, Network18, Square Yards.
What's Next for Square Yards?
Square Yards is poised for significant growth as it expands into various verticals such as rentals, property management, data intelligence, and virtual reality. The company's recent acquisitions and the launch of a full-service platform offering home furnishing and interior services highlight its ambition to build an integrated ecosystem of services. This expansion is supported by a planned growth capital raise of over $100 million, indicating substantial potential for scaling operations.
Future fundraising opportunities are likely, given the ongoing plan to raise $100 million. This capital will enable Square Yards to accelerate its growth trajectory and enhance its service offerings. However, the company will need to navigate challenges such as maintaining profitability, integrating new verticals, and managing competitive pressures in the proptech industry.
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